17th April 2020
A bitcoin entrepreneur whose wife disappeared in mysterious circumstances is facing five years in jail, accused by the Australian Federal Police of swindling people of their life savings. John Louis Anthony Bigatton is being investigated for money laundering during his time as Australian director of Bitconnect, a failed cryptocurrency trading… Read More
16th April 2020
The United States accused North Korea on Wednesday of employing an array of old and new forms of cyberattacks to steal and launder money, extort companies and use digital currencies to gain cash for its nuclear weapons program. The report — issued jointly by the State Department, the Department of… Read More
16th April 2020
By Will Neal, OCCRP, 15 April 2020 OCCRP — Federal prosecutors in Manhattan have brought fraud charges against the co-founder of a cryptocurrency scheme that allegedly defrauded would-be investors of as much as US$16 billion, but experts warn there is still a long way to go before justice is brought… Read More
15th April 2020
The world’s leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook’s planned Libra stablecoin from undermining financial stability, the Group of 20 Economies’ (G20) regulatory watchdog said on Tuesday. Stablecoins are tied to a traditional currency or basket of assets, and used for payments… Read More
14th April 2020
Malta has requested the help of the US to avoid the possibility of being put on a list of countries that are not doing enough to fight money launderers. Sources said talks with the US government were held in recent months with a view to exploring a “partnership on financial… Read More
10th April 2020
Experts looking at how North Korea continues to import and export goods despite numerous sanctions agree the country’s $1.5 billion cryptocurrency war chest is used to fund an illicit web of trade networks and supply chains. Blockchain analytics company Chainalysis said it is “comfortable” with the $1.5 billion figure stated… Read More
9th April 2020
Cryptocurrency’s growing value and popularity as a medium of exchange has not gone unnoticed. A Fundstrat Global Advisors study has estimated that approximately 30% of the world’s cryptocurrency is held by U.S. persons and, in 2017, the market value of all cryptocurrencies increased by almost $500 million with Bitcoin (which… Read More
8th April 2020
The HKMA (Hong Kong Monetary Authority) has issued circulars to authorised institutions and SVF (stored value facility) licensees encouraging the use of technology to enable remote onboarding and account opening services. “We believe the use of FinTech will provide significant opportunities to manage some of the challenges presented by the… Read More
7th April 2020
While more than 40 banks have reportedly expressed interest in Germany’s new crypto custody license, those firms may still have to put up with an anti-crypto sentiment among German banks. “If you try to open a bank account for a company that is in the space, you are working… Read More
3rd April 2020
The Financial Action Task Force (FATF) has labeled the United States’ steps against money laundering and terror financing with digital currencies as “largely compliant.” In a report published on Tuesday, the intergovernmental evaluated the country’s measures for anti-money laundering (AML) and counter-terror financing (CTF) in areas across the digital… Read More