Money Laundering | Amazing Crypto

US Charges 6 With Laundering Mexican Drug Cartel Cash Using Crypto and Casinos

The U.S. Department of Justice charged the six individuals with alleged involvement in laundering funds from Mexican drug cartels after an investigation spanning years.

October 16, 2020

33 money laundering crypto crims targeted worldwide in 3 separate cases

Law enforcement representing 16 different countries cooperated to arrest 20 members of a global crypto-powered money laundering cartel in just one of the cases.

October 15, 2020

Authorities Arrest 20 Suspected of Ties to Russian Rapper’s Alleged Money Laundering Syndicate

Authorities accuse QQAAZZ of mounting a laundering-as-a-service operation for the criminal underworld.

October 15, 2020

New Zealand Man Charged With Money Laundering Via Crypto and Luxury Cars

As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds.

October 15, 2020

Pro-crypto Colombian congressman highlights legalization challenges

He went so far as to call for the preconceptions surrounding crypto to be demystified.

October 2, 2020

Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero

Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers transactions involving monero (XMR) and second-layer payment solutions such as bitcoin’s lightning network (LN)…

October 2, 2020

FinCEN director warns banks about cryptocurrency risk exposure

FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs.

September 29, 2020

Bulgarian exchange owner convicted over auction fraud scheme

The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate.

September 28, 2020

Crypto crimes are no excuse for taking away digital asset fungibility

The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption.

September 26, 2020

Nexo founder feels vindicated by the FinCen leak, talks of double-standards

Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day.

September 25, 2020

Category: Money Laundering