Crypto
BKEX Halts Withdrawals Amid Money Laundering Investigation
BKEX said it is working with police to collect information about the funds involved.
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17
News
Money Laundering
Section
Money Laundering
Crypto
French Authorities Are Investigating Binance’s Local Arm: Report
Binance is facing potential allegations of illegally exercising its status as a virtual service asset provider in France.
Policy
Bipartisan Group Introduces Bill Aimed at Preventing Crypto-Funded Crime
A new bill is seeking to crack down on cryptocurrency-funded terrorism, and digital assets-enabled money laundering with a multi-agency working group.
Policy
DoJ Indicts DPRK Foreign Trade Bank Representative for Laundering Crypto
The Department of Justice unsealed two indictments against a North Korean national alleging they helped launder stolen cryptocurrency for their government.
Policy
Taiwan Mulls Disclosure of Crypto Holdings for Public Officials: Report
Taiwan could implement mandatory disclosure of crypto holdings for public officials amid increasing money laundering risks.
Policy
Nexo’s Token Saw a Surge in Trade Volume as Company’s Offices Raided
Over 300 Bulgarian officials raided Nexo's offices in Sofia on Thursday, citing money laundering and tax crimes allegations.
Policy
Binance Accused of Helping Iranian Exchange Bypass Sanctions to the Tune of $8B
Reuters reveals that Binance has processed around $8 billion with the sanctioned Iran since 2018, putting the company at risk of violating US laws.
Policy
China Arrests Crime Group Responsible for Laundering $5.6B in Crypto Funds
Chinese police arrested a major criminal organization suspected of laundering $5.6 billion worth of crypto funds, according to a report by Weixin.
Crypto
Illegal FinTech Firms in India Used Crypto Exchanges to Launder Money: Assets Frozen
India's financial watchdog is reportedly investigating 10 crypto exchanges for allegedly assisting foreign firms to launder money via crypto exchanges.
Crypto
Cross-Chain Bridge RenBridge Used to Launder $540M in Dirty Crypto Money
Open protocol cross-chain bridge RenBridge has been used by hackers to launder at least $540 million of crypto money, according to Elliptic.
Crypto
Tornado Cash Sanctioned by the US: Would Prohibition Work on DeFi?
Deplatforming financial privacy is harder to accomplish with dApps.
Crypto
Details Emerge on Binance-WazirX Link as CZ Warns Users
WazirX co-founder claims he has the legal documents to prove Binance controls all crypto-to-crypto trading and crypto deposits.
Crypto
South Korean Exchanges in Talks with Government as Luna Investigation Continues
Local crypto exchanges may be held liable by South Korean regulators for failing to protect investors from Terra's collapse.