Tag: Money Laundering
California Bitcoin Dealer Enters Guilty Plea, Will Forfeit More than $800,000
Jacob Burrell-Campos recently pleaded guilty to charges of running an illegal money transmitting operation. This plea comes after his indictment on money laundering and tax…
ShapeShift CEO Erik Voorhees Refutes WSJ’s Money Laundering Claims
The cryptocurrency industry is often mentioned in the same breath with money laundering. A recent WSJ article accused platform ShapeShift of facilitating such activity. Company…
Bitcoin of Little Use to Criminal Elements Despite Myopic ‘Popular’ Opinion to the Contrary
In the latest episode of “ignorant things people say about Bitcoin,” John Crudele of the New York Post says the top-ranked cryptocurrency “is only useful…
Australian Couple Accused of Cyber Crime Used Cryptocurrencies to Launder Money
A couple from Australia alleged to be involved in many credit card related thefts and siphoning off AUD 300,000 were arrested earlier on Thursday morning.…
FATF’s Proposed AML Standards Could Put an End to Bitcoin Usage by the Islamic State and Other Terrorist Groups
Recently, the Assistant US Treasury Secretary and President of the Financial Action Task Force (FATF), Marshall Billingslea, expressed his concern on behalf of the entire task…
Europol Issues Crypto Warning While Malta Continues to Attract Exchanges
The European Union’s law enforcement agency, Europol, has warned against the prevalence of cryptocurrencies in cybercrimes like money laundering. For some authorities, cryptocurrencies seem to…
Thailand Seeks Ways to Confiscate Bitcoin from Criminals
A money laundering watchdog in Thailand is looking for ways to legally confiscate cryptocurrency from criminals. Quite a few countries are either ignoring or are…
Actor Involved in Bitcoin Scam Says He’s Innocent
A Thai actor involved in a Bitcoin scam that cost a Finnish man $34 million says he’s innocent of any wrongdoing. A 22-year-old Finnish man,…
Brazil Sends Out Questionnaire to Cryptocurrency Exchanges
Cryptocurrency service providers find themselves in an awkward position. The absence of clear regulations in most countries can pose big problems. In Brazil, domestic crypto…
