Illicit Financial Funds
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Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
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South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
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Bitzlato Co-Founder Arrested by US Authorities Over Alleged Processing of $700 Million in Illicit Funds
Bitzlato Co-Founder Anatoly Legkodymov was arrested by US authorities in Miami on Tuesday on charges that he operated the exchange as an unlicensed money exchange business that "in his own words, catered to 'known crooks,'" according to US officials. Legkodymov's crypto exchange traded money with Hydra Market, an illicit online marketplace for narc...
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IMF Study Reveals Illicit Use of Crypto More Prevalent in Corrupt Nations, Weaker Economies
The International Monetary Fund (IMF) has called for more regulation of the cryptocurrency market, citing the extensive usage of digital assets in countries with a history of corruption or severe financial constraints.
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US "Best Place" To Hide, Launder Illicit Funds, Says Top Official
While small countries are often perceived as major havens for hiding or laundering money, "enormous amounts of illicit funds" end up in the US financial system, Treasury Secretary Janet Yellen said Thursday.
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India Seeks Better Cooperation At UN To Deal With Terror Groups
India has called for increased cooperation between the UN and organisations such as the Financial Action Task Force to deal with terrorist groups and transnational organised criminal networks that helps raise funds for terror financing, recruiting and other illicit activities across borders.
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India Freezes Accounts of Over 3 Dozen Entities Linked to Terror
India has frozen assets worth Euro 3 lakh (over Rs 2.12 core) of over three dozen entities on charges of terrorist financing and money laundering of illicit funds, a latest report by global anti-financial terror body FATF has said.
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Arun Jaitley to Inaugurate Conference on Dealing With Illicit Fund Flows
Finance Minister Arun Jaitley will inaugurate an international conference 'Networking the Networks' on Monday. The conference will discuss scope for regional cooperation to effectively deal with illicit financial flows, mainly from tax frauds and human trafficking.
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US Faces $300 Billion in Illicit Funds in Anti-Laundering Fight
The US has largely blocked terror groups from moving money through banks, but tens of billions of dollars in illicit funds still transit the financial system each year, the Treasury said on Friday.
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Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
-
South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
-
Bitzlato Co-Founder Arrested by US Authorities Over Alleged Processing of $700 Million in Illicit Funds
Bitzlato Co-Founder Anatoly Legkodymov was arrested by US authorities in Miami on Tuesday on charges that he operated the exchange as an unlicensed money exchange business that "in his own words, catered to 'known crooks,'" according to US officials. Legkodymov's crypto exchange traded money with Hydra Market, an illicit online marketplace for narc...
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IMF Study Reveals Illicit Use of Crypto More Prevalent in Corrupt Nations, Weaker Economies
The International Monetary Fund (IMF) has called for more regulation of the cryptocurrency market, citing the extensive usage of digital assets in countries with a history of corruption or severe financial constraints.
-
US "Best Place" To Hide, Launder Illicit Funds, Says Top Official
While small countries are often perceived as major havens for hiding or laundering money, "enormous amounts of illicit funds" end up in the US financial system, Treasury Secretary Janet Yellen said Thursday.
-
India Seeks Better Cooperation At UN To Deal With Terror Groups
India has called for increased cooperation between the UN and organisations such as the Financial Action Task Force to deal with terrorist groups and transnational organised criminal networks that helps raise funds for terror financing, recruiting and other illicit activities across borders.
-
India Freezes Accounts of Over 3 Dozen Entities Linked to Terror
India has frozen assets worth Euro 3 lakh (over Rs 2.12 core) of over three dozen entities on charges of terrorist financing and money laundering of illicit funds, a latest report by global anti-financial terror body FATF has said.
-
Arun Jaitley to Inaugurate Conference on Dealing With Illicit Fund Flows
Finance Minister Arun Jaitley will inaugurate an international conference 'Networking the Networks' on Monday. The conference will discuss scope for regional cooperation to effectively deal with illicit financial flows, mainly from tax frauds and human trafficking.
-
US Faces $300 Billion in Illicit Funds in Anti-Laundering Fight
The US has largely blocked terror groups from moving money through banks, but tens of billions of dollars in illicit funds still transit the financial system each year, the Treasury said on Friday.
