Money Laundering – Page 7

Binance onboarded millions into finance but forgot the paperwork — Columbia professor

November 26, 2023

Binance settlement highlights banks’ and crypto firms’ ambiguous treatment, says Columbia Business School adjunct professor Omid Malekan. Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to Omid Malekan, adjunct professor at Columbia Business School and author, the Department of Justice’s approach in the case…
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BNB pops after report that DOJ wants $4B settlement with Binance

November 21, 2023

BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange. BNB (BNB) has gained over 7% in the last day after Bloomberg reported that the United States Department of Justice is contemplating a $4 billion settlement with Binance to resolve…
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Onecoin ‘Compliance’ Head Pleads Guilty to Wire Fraud and Money Laundering Charges

November 12, 2023

Irina Dilkinska, the head of legal and compliance at Onecoin, has pleaded guilty to “wire fraud and money laundering charges.” The charges against Dilkinska relate to her role in organizing the transfer of $110 million in fraudulently obtained funds to a Cayman Islands entity. The $110 Million Transfer to a Cayman Islands Entity Irina Dilkinska,…
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OFAC Sanctions Russian National Accused of Using Virtual Currency to Launder Money

November 5, 2023

According to the United States Office of Foreign Assets Control (OFAC), Russian national Ekaterina Zhdanova has been sanctioned as punishment for using virtual currency to launder money for designated Russian elites. OFAC said Zhdanova’s properties and interests in the United States are now either blocked or must be reported. Russian Elites Seeking to Evade U.S.…
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Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer

November 2, 2023

Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently said it nabbed the four individuals behind what is being described as the…
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Chinese Court Hands 6-Year Prison Terms to Masterminds in $300 Million USDT Money Laundering Case

November 2, 2023

Source: Pixabay The Tongliang Court in China handed down sentences to 21 individuals, including key figures in a $300 million USDT money laundering case. The massive crypto money laundering case, which spanned from November 2020 to late April 2021, revolved around the actions of the primary defendants, Jiang Moumou and Zheng Moumou. Jian and Zheng…
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Taiwan Police Bust $320 Million Crypto Money Laundering Racket

November 1, 2023

Source: Pexels Taiwan’s Criminal Bureau’s Electronic Investigation Team busted a major crypto money laundering operation, involving $320 million worth of USDT. The criminal network, led by a merchant named Qiu, spanned multiple countries in Southeast Asia, including Malaysia, Philippines, and Hong Kong. The investigation began last year when the Electronic Investigation Team uncovered a case…
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Advocacy groups push back against Sen. Warren linking crypto with terrorism

October 19, 2023

The Blockchain Association and Crypto Council for Innovation said the terrorist group Hamas had reportedly curtailed using Bitcoin as authorities could more easily track funds. United States-based crypto advocacy organizations are calling out Senator Elizabeth Warren and other lawmakers for some of the claims made regarding connections between the terrorist group Hamas and financing through…
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KYC hook for Uniswap v4 stirs community controversy

October 15, 2023

A hook that enables Know Your Customer (KYC) verification on Uniswap V4 pools is fueling debates about DeFi’s future. A new hook available on an open-source directory for Uniswap V4 hooks is sparking controversy within the crypto community. The hook enables users to be checked for Know Your Customer (KYC) before they can trade on…
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Government objects to ‘unnecessary,’ ‘prejudicial’ SBF jury selection questions

September 15, 2023

The U.S. attorney sees no reason for potential jurors to discuss effective altruism or ADHD, among other things, before trying SBF. On Sept. 15, the United States government responded to questions the defense has suggested posing to potential jurors during their selection for the case against former FTX CEO Sam Bankman-Fried, often known as SBF.…
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Category: Money Laundering