‘Bitcoin is Bad’ Narrative Weakens as Aussie Banks Have Reportedly Laundered $385M for Drug Cartels
The narrative that Bitcoin is primarily used by criminals weakens as Aussie banks have reportedly laundered $385M for drug cartels.
Money Laundering News and Updates
Recent Money Laundering News
Read More »
US Treasury Secretary Nominee Yellen: Crypto Can Improve The Financial System
Janet Yellen, President Joe Biden’s U.S. Treasury Secretary nominee, seems to have balanced her statements about Bitcoin and crypto, after
Biden’s US Treasury Secretary Nominee Raises Concerns Over Crypto Terrorism Financing
Janet Yellen, Joe Biden's nominee for US Treasury Secretary, has expressed concerns over cryptocurrencies being used for illicit activities.
HSBC Blocks Transactions From Crypto Exchanges
Crypto traders and investors in the U.K. can no longer transfer their funds from digital asset exchanges to HSBC bank.
13% Of Bitcoin’s Money Laundering Transactions Happened Through Privacy Wallets
Privacy wallets were used to launder the funds stolen from the hacks on Twitter and Kucoin as their role continues
€29 Million Worth of Bitcoin Seized Following Money Laundering Schemes
A Rotterdam court sentenced two bitcoin traders from Hilversum to 2 and 2.5 years in prison for money laundering. The
Criminals In Latin America Launder Money With Cryptocurrency, Report Says
A recent report claims that criminals primarily use cryptocurrencies for money-laundering in Latin America. Most countries in the region lack
Former Microsoft Employee Found Guilty For Stealing $10M And Laundering With Bitcoin
The U.S. District Court in Seattle convicted a former Microsoft employee of 18 federal felonies. Ultimately stealing over $10 million
$3.2 Million ETH Stolen From UPbit Is Already Laundered: Report Claims
In November last year, the South Korean cryptocurrency exchange, UPbit, was hacked. The perpetrators took approximately $50 million worth of
USA To Enforce Strict AML Rules For Cryptocurrencies, FinCEN Director Says
The cryptocurrency market has spiked the interest from the media and regulators over the last several years. Its actual lack