Money Laundering

Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

Leave a Comment / CoinFlash, Money Laundering, News, Philippines, Policy & regulation, Regulation / By

The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has released new guidelines for virtual asset service providers (VASPs) in a bid to prevent money laundering. The BSP said in a document (see below) issued Jan. 25, that under the framework, VASPs will need to apply for a license, a “certificate of authority,” in order …

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Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocurrency Regulation

Leave a Comment / Bitcoin, Bitcoin Regulation, BTC, Central Banks, Christine Lagarde, Crypto regulation, Cryptocurrency regulation, ECB, ecb bitcoin, lagarde bitcoin, Money Laundering, Regulation / By

<div class=”featured_image_container”> </div> <strong>Responding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation.</strong> Economist Says Governments Would Be Happy to Implement Strict Crypto Regulations Daniel Lacalle, fund manager and chief economist at Tressis Gestion, …

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Uniswap tops $50B in lifetime volume, but where’s it coming from?

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Leading decentralized exchange Uniswap has surpassed $50 billion in all-time trade volume, a major milestone for the DEX sector. On Dec. 15, Uniswap creator Hayden Adams tweeted data indicating the platform has processed a life-time volume of $51.7 billion across 26,000 unique trading pairs — equating to nearly $2 million per pairing on average. Looks …

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Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers

Leave a Comment / crypto trader, Digital Currency, Enforcement Directorate, india crypto, international hawala, Law Enforcement, Money Laundering, online betting, online wallets, Regulation, Scams, Stablecoin, USDT / By

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more. …

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Payza Founders Sentenced in $250M Money Laundering Case

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The founders of digital payments processor Payza will serve year-plus prison terms and forfeit $4.5 million in seized assets for breaking federal money transmission laws, the U.S. Department of Justice said. Brothers Firoz and Ferhan Patel, both Canadian, had pleaded guilty in July to a lineup of financial crimes stemming from Payza, their international payments …

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$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies

Leave a Comment / Brazilian Law, Cryptocurrency, cryptocurrency fraud, department of justice, Law Enforcement, Marcos Antonio Fagundes, Money Laundering, Regulation, Regulations, securities law violations, Virtual Currency / By

The Many Facts Pointing to John Nash Being Satoshi Nakamoto Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John Forbes Nash Jr. was Satoshi Nakamoto. There’s a bunch of circumstantial evidence that has invoked some research into the possibility … read more. Southeast Asia’s …

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Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering

Leave a Comment / anti-money laundering, Bitcoin, Bitcoin (BTC), Bitcoin DNM, bitcoin exchanges, Cash, confiscation, Cryptocurrency, darknet market, Deep Web, Dutch Police, Dutch Public Prosecution, KYC/AML guidelines, Money Laundering, News, Police Seizure, Prosecutor's, Seizure / By

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><div id=”bitcoin-1859815880″><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/419836″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/728×90-10.jpg” alt width=”728″ height=”90″></a></div></div><strong>Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money …

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Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence

Leave a Comment / Arbistar, Arbistar Scheme, avier García Ramila, Bitcoin Fraud, Bitcoin investment, buy and sell orders, cryptocurrency brokerage, Money Laundering, News, Pyramid Scheme, Santiago Fuentes, Spanish Investment Scheme, Trading bots / By

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387428″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/bitcoin-exchange-banner-6.png” alt width=”728″ height=”90″></a></div><strong>The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at …

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Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries

Leave a Comment / Bank Fraud, Euro Pacific Bank, Money Laundering, Peter Schiff, peter schiff investigation, Regulation, tax evastion, tax fraud / By

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387399″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/wb_728x180-25.jpg” alt width=”728″ height=”180″></a></div><strong>Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by …

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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

Leave a Comment / AML, CFT, Cross Border Payment, financial inclusion, financial stability, financial stability board, Global Stablecoin Arrangements, Laundering, Libra, Market Capitalization, Money Laundering, Regulation, Society for Worldwide Interbank Financial Telecommunication (SWIFT), Stablecoin Supply, Stablecoins / By

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387399″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/wb_728x180-24.jpg” alt width=”728″ height=”180″></a></div><strong>The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) …

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