The Department of Justice announced today that BitMEX, a pioneering cryptocurrency exchange, pled guilty to one count of Bank Secrecy Act violations.
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💥BREAKING NEWS! Bitcoin Fog’s Operator Faces 20 Years of Prison for Money Laundering😱 Let's explore the news👇 https://lnkd.in/gm_2rfHF 🤩 For more insights, trust WikiFX: https://lnkd.in/gsindSVK With the assistance of WikiFX Review, you can conveniently keep tabs on Forex brokers. 🧐📈 #cryptonews #cryptomarket #bitcoinfog #MoneyLaundering #prison #BreakingNews #cryptotrading #bitcoinnews
Bitcoin Fog’s Operator Faces 20 years of Prison for Money Laundering
wikifx.com
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U.S. officials have warned financial institutions of fraudulent cryptocurrency investment scams that have siphoned billions of dollars from victims. Dubbed “pig butchering,” the scams involve criminal groups based in Southeast Asia who lure in prospective victims with supposed investment opportunities, gain their trust, and then convince them to send payments through international wire transfers. FinCEN has urged financial institutions to be on the lookout for red flags such as abrupt large transfers to cryptocurrency exchanges or investments that must be completed in an unusually short time frame. Reporting suspicious activity can aid victims and help track down perpetrators. https://lnkd.in/gZNM-irx
FinCEN Sounds Alarm on ‘Pig Butchering’
https://www.moneylaundering.com
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The crypto landscape has transformed from a 'Wild-West' to a central focus for the SEC, CFTC, and DOJ. Troutman Pepper attorneys Ethan Ostroff, Michael S. Lowe, and Brett Broczkowski foresee crypto wallets and digital asset transactions as the next regulatory targets as enforcement actions rise. The Exchange Act may soon regulate crypto wallets as brokers and traditional financial institutions could face AML/KYC compliance challenges in digital assets. Stay informed and prepared as the regulatory landscape evolves. #cryptocurrency #enforcementactions #compliance
What Will Be the Next Target of the SEC's Enforcement Regime?
troutman.com
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💥FinTech | Payments | MiFID | Blockchain & Crypto-Assets | MiCA | Web2 & Web3 Attorney-at-Law 💥 [email protected]
https://lnkd.in/dAUmRiG6 🔴 The federal prosecutors of New York, U.S charged KuCoin, one of the world's largest cryptocurrency exchanges, with violating U.S. anti-money laundering laws by failing to vet customers, allowing billions of dollars in illicit funds to be transferred since its founding in 2017. 📢 AML offences can lead to very serious stuff 📢 If you are a business activating in the crypto industry, make sure that you receive the right advice and expertise in regulatory matters. #becompliant #AML #KuCoin #cryptolawyer #DianaStetiu #MiFID #MiCA #btc #eth #solana #blockchainlawyer #cryptoassets Source: Reuters 👇
US charges KuCoin crypto exchange with anti-money laundering failures
reuters.com
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Changpeng Zhao's resignation from Binance is a significant event that will have far-reaching implications for the cryptocurrency industry. This development sparks important conversations on corporate governance, regulatory oversight, market dynamics, ethical leadership, and public perception within the industry. The departure of a key figure like Zhao has the potential to influence the direction of the entire industry, prompting reflection and adjustment among industry players as they navigate the evolving landscape of digital assets and blockchain technology. congratulations to Richard Teng the company's head of regional markets, on his appointment as the new CEO. We look forward to the leadership and vision he will bring to the organization as it continues to adapt and grow. This event reinforces the need for ethical and transparent leadership within the cryptocurrency space and underscores the importance of keeping a close eye on regulatory developments. It will be interesting to see how this transition shapes the future of Binance and the broader industry. #cryptocurrency #leadership #blockchain #digitalassets #regulation #Binance #change #future #finance 💼
Binance chief Changpeng Zhao pleads guilty to money laundering charges
bbc.co.uk
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Binance CEO, Changpeng Zhao, resigns after pleading guilty to money laundering violations 💸🤯 ❓Will Users and Stakeholders be able to TRUST Binance ❓🫢 Read full article here 👇 https://lnkd.in/ebu8XUuX For more such updates follow ➡️ https://lnkd.in/dV-KdwB4 #DigiMaaya #Fintech #CBDC #Blockchain BBC News
Binance chief Changpeng Zhao pleads guilty to money laundering charges
bbc.com
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On course to become the dominant means of laundering crypto, cross-chain crime refers to the swapping of cryptoassets between different tokens or blockchains – often in rapid succession and with no legitimate business purpose – to obfuscate their criminal origin. Read more about the findings of our new report, The State of Cross-chain Crime 2023: https://lnkd.in/eNcCFenf
Record $7 billion in crypto laundered through cross-chain services
elliptic.co
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Kraken has made the decision to cease the trading and deposits of Monero (XMR) by June 10 in compliance with EU anti-money laundering .#CryptoCommunity #Crypto #Nextincrypto #Bitcoin #Ethereum #Cryptonews #Blockchain #nft #Altcoin #DeFi #CryptoArt https://lnkd.in/dpVM4wjy
Kraken to delist Monero in Belgium and Ireland
https://itscryptobasic.com
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The Financial Intelligence Unit (FIU) under the Finance Ministry has issued show cause notices to nine offshore cryptocurrency and virtual digital assets platforms, like Binance and Kucoin, for non-compliance with anti-money laundering law. The FIU has also written to the Ministry of Electronics and Information Technology to block the URLs of these nine entities that are operating illegally without complying with the provisions of the prevention of money laundering Act in India. Under the I-T Act, reporting entities are required to file statements of financial transactions (SFT) with the tax department containing details of certain financial transactions or any reportable account maintained by them during the year. Apart from Binance and Kucoin, the other virtual digital assets service providers (VDA SP) who have been issued notice for not registering as reporting entities with the FIU-India are Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
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