Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme.
Tornado Cash co-founder pleads not guilty to all charges: Report
Roman Storm, facing charges related to Tornado Cash allegedly facilitating money laundering, has been free on bail following his arrest by U.S. authorities in August.
Tornado Cash co-founders charged with money laundering, sanctions violations
Roman Semenov was placed on OFAC’s sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer.
UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.
US lawmakers urge White House to address North Korea’s use of digital assets: Report
Sen. Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July.
Individual charged with money laundering admits to hacking Bitfinex in 2016: Report
The identity of the hacker or hackers behind an exploit that removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3.
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.
Namibia signs crypto exchange regulation bill into law
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance.
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors.
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go.
Google launches ‘Anti Money Laundering AI’ after successful HSBC trial
Google claims the new tools are far more efficient than traditional rules-based approaches at detecting money laundering at scale.
Binance under investigation in France since February 2022: Report
The French arm of Binance is reportedly under investigation by the French authorities on charges of “aggravated money laundering.’
Qatar Didn’t Properly Enforce Its Crypto Ban, Global Money Laundering Watchdog Says
The central bank should proactively identify and sanction service providers breaching its 2019 prohibition, according to the Financial Action Task Force
EU Formally Signs New Crypto Licensing, Money Laundering Rules Into Law
The MiCA law is set to make the bloc the first major jurisdiction with tailored crypto regulations.
EU’s Banking Regulator Highlights AML Risks in Privacy Coins, Self-Hosted Wallets
The European Banking Authority wants to extend money laundering guidance to crypto firms and banks that trade with them
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Elizabeth Warren’s Bill Won’t Stop Money Laundering, But it Could Ban Crypto
The Digital Asset Anti-Money Laundering Act that Senators Elizabeth Warren and Roger Marshall are pushing through Congress is the legislative equivalent of a Trojan Horse, writes John Rizzo. It would effectively ban crypto in the guise of fighting money laundering.
G-7 Must Take Charge in Ending ‘Lawless’ Crypto Space, FATF Chief Says
President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to “effectively” implement FATF’s crypto anti-money laundering norms ahead of their meeting this weekend.
Serial Phishing Scammer Uses a Mix of Laundering Techniques, Including Coin Swaps and a Mysterious OTC
Attacker behind a fake HitBTC website might have stolen $15M worth of crypto from multiple scams and phishing attacks
FBI, Ukraine seize 9 exchange domains on money laundering allegations
The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures.