Money Laundering
Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering
New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards.
Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M
The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.
US Man Admits Using Bitcoin to Help Launder $630K From Romance, Lottery Scams
Austin Nedved pleaded guilty to involvement in scams that reaped over $600,000 by targeting the elderly and vulnerable.
Over 13% of Bitcoin Crime Proceeds Laundered Through 'Privacy Wallets': Elliptic
The number of crypto criminals using so-called privacy wallets to help hide their identities is on the rise, according to analytics firm Elliptic.
Payza Founders Sentenced in $250M Money Laundering Case
Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.
US Charges 6 With Laundering Mexican Drug Cartel Cash Using Crypto and Casinos
The U.S. Department of Justice charged the six individuals with alleged involvement in laundering funds from Mexican drug cartels after an investigation spanning years.
Authorities Arrest 20 Suspected of Ties to Russian Rapper's Alleged Money Laundering Syndicate
Authorities accuse QQAAZZ of mounting a laundering-as-a-service operation for the criminal underworld.
New Zealand Man Charged With Money Laundering via Crypto and Luxury Cars
As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds.
The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering
The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services.
US Moves to Seize $400M From Convicted OneCoin Money Launderer
The U.S. Department of Justice wants an attorney to hand over the massive sum he helped launder for the OneCoin scheme.
