18 stories tagged #Money Laundering

  1. Maryland Man Charged With $54 Million Uranium Finance Crypto Hack Facing Thirty Year Sentence
    crypto

    Maryland Man Charged With $54 Million Uranium Finance Crypto Hack Facing Thirty Year Sentence

    Federal prosecutors charge Jonathan Spalletta with defrauding Uranium Finance. Suspect faces decades behind bars for digital theft used to purchase rare collectibles.

    2mo ago 1 min read
  2. Crypto’s AML Edge: Transparency Without Sacrifice
    crypto

    Crypto’s AML Edge: Transparency Without Sacrifice

    Ana Carolina Oliveira of Venga argues crypto’s blockchain transparency enables robust anti-money laundering efforts, but global compliance alignment is critical to close loopholes and protect financial freedom.

    2mo ago 1 min read
  3. 71-Year-Old Admits Theft of $1.13M from US Treasury
    finance

    71-Year-Old Admits Theft of $1.13M from US Treasury

    Eric Banks, 71, pleads guilty to stealing a $1.13M U.S. Treasury check and laundering millions through fake entities. Seven others charged in related scheme.

    2mo ago 1 min read
  4. US Government to Retry Tornado Cash Developer on Money Laundering Charges
    crypto

    US Government to Retry Tornado Cash Developer on Money Laundering Charges

    Federal prosecutors are seeking a retrial for Roman Storm, developer of the crypto mixer Tornado Cash, on charges of money laundering and sanctions violations after a jury deadlock.

    3mo ago 1 min read
  5. Global Watchdog Flags Stablecoins for Sanctions Evasion and Money Laundering
    crypto

    Global Watchdog Flags Stablecoins for Sanctions Evasion and Money Laundering

    FATF report highlights stablecoins as a primary tool for illicit crypto activity, urging stricter oversight for issuers and peer-to-peer transfers.

    3mo ago 1 min read
  6. Goliath Ventures CEO Arrested for Alleged $328M Crypto Ponzi Scheme
    crypto

    Goliath Ventures CEO Arrested for Alleged $328M Crypto Ponzi Scheme

    Former Goliath Ventures CEO Christopher Alexander Delgado faces wire fraud and money laundering charges for an alleged $328 million cryptocurrency Ponzi scheme, diverting investor funds for personal luxury.

    3mo ago 1 min read
  7. Senator Probes Binance on Sanctions Violations
    crypto

    Senator Probes Binance on Sanctions Violations

    US Senator Richard Blumenthal is investigating Binance over allegations of facilitating Iranian money laundering and Russian sanctions evasion.

    3mo ago 1 min read
  8. Senator Probes Binance Over Sanctions Evasion Allegations
    crypto

    Senator Probes Binance Over Sanctions Evasion Allegations

    US Senator Richard Blumenthal is investigating Binance for allegedly facilitating billions in transactions with sanctioned Iranian bodies and Russia's shadow fleet.

    3mo ago 1 min read