Money Laundering
G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend.
Serial Phishing Scammer Uses a Mix of Laundering Techniques, Including Coin Swaps and a Mysterious OTC
Attacker behind a fake HitBTC website might have stolen $15M worth of crypto from multiple scams and phishing attacks.
Tornado Cash Developer Pertsev Can Be Freed Pending Trial, Dutch Court Rules
Pertsev has been in a Dutch jail since August after U.S. authorities sanctioned the privacy protocol.
Ryuk Ransomware Gang’s Crypto Broker Gets Light Sentence After a Guilty Plea
Denis Dubnikov was sentenced to time served, a $10,000 fine and a $2,000 forfeiture.
EU-Funded Report Calls for Crypto ID Checks, Police Training to Combat Darknet Markets
Law enforcement can learn how to track illicit activity, but outright crypto bans aren’t effective, a report commissioned by the EU's monitoring body for drugs concluded.
European Banking Regulator Calls Attention to Digital Ledger Technology
Draft guidance from the European Banking Authority says the technology must be considered when banking supervisors look at the risk of money laundering.
EU Lawmakers Vote in Favor of Payment Limits on Anonymous Crypto Wallets
Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.
NYDFS Says Signature Bank Closure Due to 'Crisis of Confidence' in Leadership
Signature Bank was not shut down for crypto-related reasons, the New York Department of Financial Services said Tuesday, rejecting claims the regulator took over the bank to send an "anti-crypto message." Meanwhile, Bloomberg reports that the U.S. Department of Justice in Washington, D.C., and New York were investigating possible lax monitoring at Signature Bank to prevent money laundering. "The Hash" panel discusses the latest developments at Signature and explain why this is a continuing story to watch.
India's Crypto Regulation Now Has Teeth, Experts Say
Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches.
