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money-laundering

Regulation on Cryptocurrency Enacted to Avoid Illegal Transactions - RBI

Regulation on Cryptocurrency Enacted to Avoid Illegal Transactions - RBI
Members Public

The Reserve Bank of India (RBI) has completely withdrawn the banking facilities to the cryptocurrency exchanges. As a result, most of the cryptocurrency exchanges are not able to operate in the country. Recently, the reserve bank of India told the Supreme Court that they are regulating the cryptocurrency markets to

Jake Hill
Jake Hill
Banking
Brazilian Federal Police catches Drug Gang using Bitcoin

Brazilian Federal Police catches Drug Gang using Bitcoin
Members Public

Brazilian federal police recently caught the members of drug smuggling operation. They were using Bitcoin in order to launder money globally. In total, 12 people were arrested. It is suspected that they had laundered more than $ 1 million to fund the drug trade in Asia, Africa as well as Europe.

Jake Hill
Jake Hill
brazil
Money Laundering trace leads UK authorities to Revolut

Money Laundering trace leads UK authorities to Revolut
Members Public

Revolut recently reported that there might have been money laundering activities on its platform. As a result, the law enforcement agencies in the United Kingdom are trying to detect them. According to a spokesperson of the bank, a few transactions have been flagged off. The financial conduct authority, as well

Rohnak
Rohnak
crime
Bitcoin Drops As Japanese FSA Orders Crypto Exchanges for an Audit

Bitcoin Drops As Japanese FSA Orders Crypto Exchanges for an Audit
Members Public

Japan is one country which is trying to regulate the cryptocurrency industry with the liberal mindset. That is why, the FSA of Japan, financial services agency is not only providing licenses to cryptocurrency exchanges but also actively monitoring the security of these cryptocurrency exchanges. Recently, it issued an order that

Jake Hill
Jake Hill
Crypto Exchange
Drug dealer arrested by tracking his Bitcoin transactions

Drug dealer arrested by tracking his Bitcoin transactions
Members Public

Recently, a French national accepted his guilt in US courts. He was guilty of selling narcotics and accepting Bitcoins as payments. The name of the culprit is Guy Vallerius. He operated under the username OxyMonster. He was arrested by the authorities in September last year. He was arrested at the

Rohnak
Rohnak
crime
Japan finds It Difficult To Curb Money Laundering via Cryptocurrency

Japan finds It Difficult To Curb Money Laundering via Cryptocurrency
Members Public

The regulatory framework globally pertaining to cryptocurrencies is not that strong. That is why Japanese authorities are finding it difficult to curb money laundering with the help of cryptocurrency networks. Mainichi Shimbun recently confirmed that in a single case, ¥ 30 billion was transferred through various cryptocurrency transactions in 2016 alone.

Rohnak
Rohnak
crypto
Spain Police Arrested 11 over Money Laundering using Crypto

Spain Police Arrested 11 over Money Laundering using Crypto
Members Public

In Spain, the criminals are money laundering for illegal activities using cryptocurrency. Operation Tulipan Blanca was conducted by the Spanish and Finnish authorities and Homeland Security Investigations of United States. According to Europol, In this Operation, the authorities had to track down the criminals who laundered money made by selling

Rohnak
Rohnak
Blockchain
Japanese Cryptocurrency Exchanges Report 669 Money Laundering Cases

Japanese Cryptocurrency Exchanges Report 669 Money Laundering Cases
Members Public

The Japanese police agency said it received 669 reports of suspected money laundering using cryptocurrency. They have been since eight months to 2017. According to Japan’s Nikkei Asia Review , the country’s National Police Agency (NPA) released a report on Thursday. It indicating that cases were reported

Jake Hill
Jake Hill
BTC