Money Laundering
Crypto Offers Answer to Money Laundering Crisis: Global Alert Network Called 'Beacon'
An industry-wide project led by TRM Labs is officially going live, and includes law enforcement and the major exchanges such as Coinbase and Binance.
Tornado Cash Developer Roman Storm Will Not Take the Stand, Lawyers Say
After three days of witness testimony, Storm’s defense team rested their case on Tuesday.
Samourai Wallet Devs Expected to Plead Guilty to Money Laundering Charges
Keonne Rodriguez and William Lonergan Hill both previously pleaded not guilty, but are expected to change their pleas in Manhattan on Wednesday morning.
Two Arrested in UK on Suspicion of Running Illegal Crypto Exchange
Seven crypto ATMs were also found and seized by the FCA.
Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines
Singapore hits banks with $21.5M in fines over a $2.2 billion money laundering scandal involving cash, property and crypto
Hackers Behind $140M Brazil Banking Heist Turn to Crypto to Launder Their Loot
ZachXBT estimates that between $30 million and $40 million has been swapped to crypto through OTC desks and exchanges.
Most Illicit On-Chain Activity Now Involves Stablecoins: FATF
Mass adoption of stablecoins will amplify illicit finance risks, particularly when it is handled unevenly across difference jurisdictions, the FATF said
Block Agrees to $40M Settlement With New York Over Faulty Money-Laundering Controls
The payments and blockchain firm has agreed to an outside monitor as it resolves its compliance with New York regulations.
OKX Fined $1.2M by Malta for Breaching Money Laundering Rules
The company was expected to assess the nature of risks prevalent in the services it was offering, the Financial Intelligence Analysis Unit said in a notice.
How North Korea Launders Billions in Stolen Crypto
The Hermit Kingdom, which intelligence agencies say was behind the $1.5 billion Bybit hack, faces “offramping” challenges due to the size of its hauls.
