17th August 2016
Nithya Senani Samaranayake who has functioned as a director of two companies owned by Hambantota district MP Namal Rajapaksa, was yesterday ordered to be remanded until August 22 by a Colombo Court for her alleged involvement in money laundering amounting to Rs.45 million. On Monday, MP Namal Rajapaksa and Sudarsha… Read More
16th August 2016
OKCoin China has been ordered by a provincial court to pay a fine of 626,569 yuan as damages in a money laundering case Read More
12th August 2016
The European Banking Authority (EBA) has called on the EC to postpone plans to bring virtual currency exchanges and wallet providers under the scope of a new Anti-Money Laundering Directive. Read More
12th August 2016
For years, Tian Jia made the kind of returns on his money that investors in the rest of the world could only dream of. The 29-year-old Beijing-based programmer had $440,000 on deposit at the Hong Kong bitcoin exchange Bitfinex until last week and, on good days, would wake up to… Read More
9th August 2016
The UK’s gambling regulator has clarified its rules for digital currencies. In an update to its codes of practice issued this July, the UK Gambling Commission (UKGC) outlined how licensees can implement appropriate policies for so-called cash equivalents, a definition under which digital currencies are captured. The policy change appears to… Read More
9th August 2016
Suspected criminal proceeds or undeclared money seized from Chinese travelers has more than doubled in Canada since 2013, as the rate of capital flight from China continues its unprecedented pace. According to recent numbers from the Canada Border Services Agency, airport officials confiscated $11.5 million CAD in non-reported currency and… Read More
8th August 2016
Australia is moving to become one of the first countries to regulate e-currencies such as bitcoin under its anti-money laundering and counter-terrorism financing laws. Bitcoin – the most prominent digital currency to emerge globally – is backed by a computer code rather than a physical substance such as gold or… Read More
5th August 2016
Employees at TAB gaming outlets are breaching anti-money laundering controls by allowing controversial punters to place bets, collect winnings or shift funds through middlemen and third-party betting accounts. Betting records linked to controversial Sydney gambler Eddie Hayson – who bets alongside Victorian jockey Danny Nikolic, National Rugby League identities and figures with organised… Read More
4th August 2016
An online giveaway of 1,000 bitcoins (worth $580,000) has prompted speculation that it is part of an elaborate money laundering scheme by hackers who stole $70m worth of the cryptocurrency from an exchange. On Tuesday, August 2, the popular cryptocurrency exchange Bitfinex (BFX) revealed that it had suffered a major… Read More
4th August 2016
Last month, the European Commission published a draft directive proposing to extend anti-money laundering (AML) regulation to both virtual currency exchange services and custodial wallet providers. The draft suggests that many Bitcoin companies operating within the European Union will need to apply know-your-customer (KYC) types of checks on their users, to… Read More