money laundering

Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions.

Source: en.wikipedia.org

FATF: Stablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists

FATF: Stablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists
FATF: Stablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists
July 10, 2020  |  Cryptocurrency

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. Get the Full...

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Irish Police Raid Wirecard’s Dublin Offices 
Irish Police Raid Wirecard’s Dublin Offices 
July 09, 2020  |  News

The investigation into Wirecard AG, the German electronic payment transfer company, has expanded to Ireland. Get the Full Story Complete the form to unlock this...

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Bitcoin Daily: Crypto Mining Encounters Are Down 40 Pct; Spanish Authorities Crack Down On Crypto Laundering Of $3.3M In Drug Money
Bitcoin Daily: Crypto Mining Encounters Are Down 40 Pct; Spanish Authorities Crack Down On Crypto...
June 30, 2020  |  Bitcoin

Microsoft reported that digital currency mining encounters dropped 40 percent from 2018 to 2019, according to a report. The tech company noted in the report...

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DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
June 23, 2020  |  Cybersecurity

A 44-year-old Texas man, Fahad Shah, was charged with fraud for allegedly attempting to file fake loan applications for the Paycheck Protection Program (PPP), according...

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New Zealand Seizes $90M In Bitcoin Fraud Case
New Zealand Seizes $90M In Bitcoin Fraud Case
June 22, 2020  |  Cybersecurity

New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure ever....

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Bitcoin Daily: Xapo Stops Credit Payments for Crypto; Former CoinFlux Owner Pleads In Crypto-Laundering Case
Bitcoin Daily: Xapo Stops Credit Payments for Crypto; Former CoinFlux Owner Pleads In Crypto-Laundering Case
June 14, 2020  |  Bitcoin

Xapo, a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the...

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Bitcoin Daily: Bank Of Ghana Eyes Digital Currency; 4,000 Crypto Trader Accounts Now Frozen In China Probe
Bitcoin Daily: Bank Of Ghana Eyes Digital Currency; 4,000 Crypto Trader Accounts Now Frozen In...
June 10, 2020  |  Bitcoin

The Bank of Ghana continues to consider the creation of a digital currency, GhanaWeb reported. Get the Full Story Complete the form to unlock this...

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Bitcoin Daily: China Freezes Thousands Of Crypto Accounts Amid Criminal Probe
Bitcoin Daily: China Freezes Thousands Of Crypto Accounts Amid Criminal Probe
June 08, 2020  |  Bitcoin

Authorities in China have reportedly frozen bank accounts due to digital currency and fiat assets allegedly contaminated by illicit actions, CoinDesk reported. Get the Full...

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