21st August 2020
About $50 billion in cryptocurrency assets have left China in the past year, a possible indication that investors are dodging rules that limit how much capital they’re allowed to transfer from the nation, according to new research by blockchain forensics firm Chainalysis. The controversial cryptocurrency Tether accounted for more than… Read More
20th August 2020
Law enforcement in Ukraine has announced today the arrest of a cybercrime gang who ran 20 cryptocurrency exchanges where they laundered more than $42 million in funds for criminal groups. The group, which authorities said had three members, has been operating from Ukraine’s Poltava region since 2018. According to Ukrainian… Read More
18th August 2020
The Government is to transpose regulations aimed at preventing money laundering and terrorist financing, just over a month after the State was fined €2 million fine for delays in implementing the new EU rules. Minister for Justice Helen McEntee earlier this week received approval from Cabinet for the publication of… Read More
17th August 2020
The Justice Department announced Thursday it had seized millions of dollars’ worth of cryptocurrency meant to fund terrorist groups such as al-Qaeda and the Islamic State, in what law enforcement officials called an unprecedented crackdown against terrorist fundraising on social media. In addition to seizing funds, U.S. officials said they… Read More
13th August 2020
Multiple national banks responded to the OCC’s June “Advance Notice of Proposed Rulemaking” (ANPR), which asked the general public to weigh in before Aug. 3. on how cryptocurrencies and other fintech tools might be used in the financial sector. Notably, several banks, including U.S. Bank and PNC, indicated they… Read More
10th August 2020
When Ashley lost her position as a French program co-ordinator due to the COVID-19 pandemic, she threw herself into an aggressive search for another job. With experience in sales, marketing and co-ordination, the 25-year-old sent her resume out widely and posted it on Indeed, Linked-in and other reputable career sites. Read More
4th August 2020
Africa isn’t included on the virtual asset regulatory map just yet. But crypto businesses seeing strong growth across the 54-country continent are working hard on know-your-customer (KYC) rules to meet the exacting standards set out by the Financial Action Task Force (FATF). A broad range of entities operating in Africa,… Read More
29th July 2020
A Malaysian court on Tuesday found Najib Razak, the country’s former prime minister, guilty of corruption on charges stemming from the disappearance of $4.5 billion from a government investment fund he once controlled. The trial, the first of several related to the pilfering of funds from the 1 Malaysia… Read More
28th July 2020
A Mastercard executive allegedly was involved in a money-laundering operation at a bank accused of terrorist financing and organised crime that had links to Wirecard, the disgraced German payments group. A report commissioned by the owners of FBME Bank in Cyprus uncovered evidence of apparent criminal activity, including an… Read More
23rd July 2020
A leading U.S. banking regulator said on Wednesday that national banks may provide custody services for cryptocurrencies. The Office of the Comptroller of the Currency said in a new letter that providing custody and safekeeping services for cryptocurrencies, including holding “keys” needed to access cryptocurrency holdings, is a modern version… Read More