"This agreement is part and parcel of the EU’s new anti-money laundering system. It will improve the way national systems against money laundering and terrorist financing are organized and work together. This will ensure that fraudsters, organized crime and terrorists will have no
"The risks of this happening can be increased, for example because of the speed of crypto-asset transfers or because some products contain features that hide the user’s identity. Therefore, it is important that CASPs know about these risks and put in place measures
"The risks of this happening can be increased, for example because of the speed of crypto-asset transfers or because some products contain features that hide the user’s identity. Therefore, it is important that CASPs know about these risks and put in place measures
Bulgarian authorities said they found “no evidence of criminal activity,” adding that “no evidence of tax offenses or computer fraud was found against the defendants, either,” according to the report. The Prosecutors also concluded that the products offered by Nexo do not constitute
Nonprofit ethics group Campaign for Accountability (CfA) has doubled down on its money laundering claims against Circle, publishing a new open letter on Dec. 14 claiming that the USD Coin (USDC) issuer is facilitating the funding of terrorist organizations.NEW: This morning, CfA sent
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes. Source link
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Taiwanese cryptocurrency exchange Bitgin is under investigation by the country’s police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm’s chief operating officer, was arrested by Taiwanese police for his alleged role in the “Eighty-Eight Guild
FinCEN said that mixing services, which seek to allow users to conduct transactions with anonymity, are used by a "variety of illicit actors throughout the world," referring by name to Hamas, Palestinian Islamic Jihad and the Democratic People's Republic of Korea (DPRK). The
The bill was co-sponsored by Sen. Joe Manchin (D-W.V.), who has often occupied a middle ground between the parties on important legislative issues, and Republican Sens. Roger Marshall (R-Kan.) and Lindsey Graham (R-S.C.). And Warren later gathered additional support from Sen. Dick Durbin
