#Money Laundering
39 articles tagged with this topic
US drops a proposed crypto rule. Europe can still hold up your $500 transfer
The proposed U.S. threshold never took effect, while a $500 customer transfer can still require information before an EU exchange releases i…
U.S. Regulators Drop $250 Travel Rule Plan, Crypto Language Too
Bitcoin Magazine U.S. Regulators Drop $250 Travel Rule Plan, Crypto Language Too FinCEN and the Federal Reserve formally withdrew a 2020 pr…
Major hack at Chainalysis: login details of all users leaked
Chainalysis confirms that hackers have stolen password data and access tokens. The crypto company is recovering services in phases and oblig…
Ex-FBI counterintelligence agent stole almost $2.5M in crypto
Yaroch paid off his debts and intended to use the proceeds to finance a new life in Portugal, where he planned to buy a vineyard.…
Former FBI Agent Pleads Guilty to Stealing $2.47 Million in Crypto From Investigations
Bitcoin Magazine Former FBI Agent Pleads Guilty to Stealing $2.47 Million in Crypto From Investigations Patrick Steven Yaroch, 37, of Ashbu…
FBI agent drains crypto wallets tied to 35 investigations, steals $2.47 million and plans Portugal escape
Patrick Steven Yaroch used credentials tied to 35 investigations for about 100 fraudulent transfers, according to DOJ. Read the full story o…
Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves
Bitcoin Magazine Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves Block agreed in principle to…
FATF targets crypto hubs in review of money laundering controls
The watchdog has not named the jurisdictions under review. Initial findings on compliance with its crypto standards are due in June 2027.…
Brazil puts crypto exchanges on hold: deadline is today
Crypto exchanges in Brazil must apply for a permit before the deadline. Strict capital requirements and unclear rules put pressure on smalle…
HYPE teases all-time high as NYSE owner ICE eyes US Hyperliquid perps
Hyperliquid’s token pumped following news of ICE and Trade[XYZ] unveiling plans for US perpetual futures.…
Major Brazilian bank embraces Bitcoin and 14 other crypto coins
Crypto in Brazil is subject to new rules and major bank Itaú is the first to report. A hard deadline is approaching for crypto companies.…
UK financial watchdog opens consultations for DeFi guidance, crypto laws
The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto reg…
OCC Finalizes GENIUS Act Stablecoin Rules, Leaves Rewards Fight Open
Bitcoin Magazine OCC Finalizes GENIUS Act Stablecoin Rules, Leaves Rewards Fight Open The OCC finalized its GENIUS Act stablecoin rules, ef…
OCC finalizes GENIUS Act rules for stablecoin issuers and custody
The Office of the Comptroller of the Currency’s final rule covers payment stablecoin issuance and some custody activities, with the GENIUS A…
Chinese suspect in $75M international crime network arrested in Bangkok
Police alleged the suspect was involved in cryptocurrency and foreign-currency exchanges for criminal groups across more than 133 accounts.…
OCC report finds debanking efforts tied to crypto activities
The report from the US banking regulator did not include specific examples of debanking related to crypto, but mentioned it alongside ties t…
Bank of America backed crypto AML rules but reported over $5 billion in suspicious activity late
In December 2023, Senator Elizabeth Warren asked Bank of America CEO Brian Moynihan whether crypto companies handling financial transactions…
Chinese fraud victims lose key court battle over 61,000 Bitcoin
Chinese fraud victims seeking to recover 61,000 seized Bitcoin face a legal setback after a UK court ruled that Chinese law governs their cl…
South Korea moves to block 27 crypto websites, including KuCoin, MEXC
Authorities said the restrictions are aimed at unregistered exchanges and have acknowledged that customers could have difficulty withdrawing…
EU targets MiCA loophole that lets crypto exchanges serve 27 countries with one license
The Council’s selective ESMA model would address part of MiCA’s cross-border supervision gap while retaining national oversight elsewhere. T…
ZachXBT infiltrates over $1 billion Chinese crypto network
ZachXBT infiltrated a Chinese money laundering network that, according to him, processed over $1 billion in crypto for North Korean hackers …
Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether
As Democrats steadily rise in their potential to take back a Senate majority, Senator Richard Blumenthal is digging into Tether's U.S. finan…
DOJ invokes Bitcoin Fog ruling in potential blow to Roman Storm acquittal bid
Prosecutors say a recent Bitcoin Fog appeals court ruling supports their argument that Tornado Cash activity in Manhattan was enough to esta…
FinCEN drops crypto mixing proposal as backlash kills rule
FinCEN abandons proposed privacy-related reporting requirements, while existing anti-money-laundering duties remain. The post FinCEN drops c…