Suspicious Transaction Reports
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Binance Prevented $2.4 Billion in Losses in H1 2024, 45 Percent Were Linked to Scams: Report
Binance has reportedly managed to avert $2.4 billion (roughly Rs. 20,130 crore) in losses between January and July this year. Out of the total saved, withdrawals linked to suspected crypto scams made up over $1.1 billion (roughly Rs. 9,227 crore), which is about 45 percent of the total amount.
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Bitget Working With FIU-IND to Obtain Licensing to Operate in ‘Key Market’ India
Bitget has called India a ‘key market’ as it said that it is working to get an FIU registration to operate in India. With the FIU registrations, crypto firms agree to implement strict KYC system, maintain transaction records, and report suspicious transactions.
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Jack Dorsey’s Block Reportedly Under Investigation in the US
Authorities in the US have reportedly identified compliance violations from Jack Dorsey’s Block firm. Among other allegations, the probing officers have alleged that Block had been processing multiple crypto transactions even from nations that are part of the US’ sanctions list.
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Binance Crypto Exchange Founder Changpeng Zhao Sentenced to 4 Months in Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
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Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.
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US Judge Approves Binance's $4.3 Billion Guilty Plea
A US judge on Friday accepted Binance's guilty plea and more than $4.3 billion penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world's largest cryptocurrency exchange.
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Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Settle US Illicit Finance Probe
Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.
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Mudrex Crypto Investment Firm Now Licenced in Lithuania, Italy Alongside in India
Mudrex, the crypto investment firm based in Bengaluru, said that it is now a registered crypto firm in the European nations of Lithuania and Italy as well as India. Launched in 2018, the company aims to make crypto investing safer. It is now looking to expand outside India and the US.
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Pepe Coin Frenzy Turns to Fear After Anonymous Developers Make Changes to Wallet, Transfer Tokens: Report
The Pepe Coin frenzy is now turning into fear fest after its anonymous developer team moved $15 million (roughly Rs. 123 crore) worth of tokens into centralised exchanges. The team also suspiciously reduced the number of signatures required to process PEPE transactions from five to two, leading to concerns among the PEPE community.
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Suspicious Transactions Worth $390 Million Scanned by Law Enforcement Agencies in Last 5 Months: WazirX
WazirX received 431 requests from law enforcement agencies on transactions worth $390 million (roughly Rs. 3,222 crore) in the last five months. In its fourth transparency report, the exchange claimed that it has blocked over 2,431 accounts after they were red-flagged by its internal transaction monitoring process or by law enforcement agencies.
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Indian-Origin Banker Issued 10-Year Prohibition Order In Malaysia 1MDB Case
An Indian-origin banker has been issued a 10-year prohibition order and a 24-month conditional warning for his failure to report a suspicious transaction involving the jailed Malaysian Prime Minister Najib Razak.
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El Salvador Users Complain of Bitcoins Missing From Their Chivo Wallets, Stir Anti-Crypto Sentiment
Several citizens of El Salvador have been complaining that their Bitcoin tokens have disappeared. As of now, the government has not responded to their concerns. The Twitter account of the Chivo wallet has also been suspiciously silent since November 2.
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Sushant Rajput Death: Money Laundering Case Over Rs 15 Crore Transactions
Sushant Singh Rajput case: Enforcement Directorate has filed a money laundering case over "suspicious transactions" worth Rs 15 crore in connection with the death of the Bollywood actor
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Was Money Laundered? In Sushant Singh Rajput Case, A New Angle: 10 Facts
A "suspicious transaction" worth Rs 15 crore is under the lens of the Enforcement Directorate, which probes financial crimes, in the investigation into actor Sushant Singh Rajput's death, sources have said. The agency has sought details of a police case filed by the actor's father in Bihar to probe the transaction allegedly involving the brother of...
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ATM Card Cloning Incidents Reported In Delhi, Customers To Get Refund: SBI
The bank asked customers to report all suspicious transactions to home branches
-
Binance Prevented $2.4 Billion in Losses in H1 2024, 45 Percent Were Linked to Scams: Report
Binance has reportedly managed to avert $2.4 billion (roughly Rs. 20,130 crore) in losses between January and July this year. Out of the total saved, withdrawals linked to suspected crypto scams made up over $1.1 billion (roughly Rs. 9,227 crore), which is about 45 percent of the total amount.
-
Bitget Working With FIU-IND to Obtain Licensing to Operate in ‘Key Market’ India
Bitget has called India a ‘key market’ as it said that it is working to get an FIU registration to operate in India. With the FIU registrations, crypto firms agree to implement strict KYC system, maintain transaction records, and report suspicious transactions.
-
Jack Dorsey’s Block Reportedly Under Investigation in the US
Authorities in the US have reportedly identified compliance violations from Jack Dorsey’s Block firm. Among other allegations, the probing officers have alleged that Block had been processing multiple crypto transactions even from nations that are part of the US’ sanctions list.
-
Binance Crypto Exchange Founder Changpeng Zhao Sentenced to 4 Months in Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
-
Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.
-
US Judge Approves Binance's $4.3 Billion Guilty Plea
A US judge on Friday accepted Binance's guilty plea and more than $4.3 billion penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world's largest cryptocurrency exchange.
-
Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Settle US Illicit Finance Probe
Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.
-
Mudrex Crypto Investment Firm Now Licenced in Lithuania, Italy Alongside in India
Mudrex, the crypto investment firm based in Bengaluru, said that it is now a registered crypto firm in the European nations of Lithuania and Italy as well as India. Launched in 2018, the company aims to make crypto investing safer. It is now looking to expand outside India and the US.
-
Pepe Coin Frenzy Turns to Fear After Anonymous Developers Make Changes to Wallet, Transfer Tokens: Report
The Pepe Coin frenzy is now turning into fear fest after its anonymous developer team moved $15 million (roughly Rs. 123 crore) worth of tokens into centralised exchanges. The team also suspiciously reduced the number of signatures required to process PEPE transactions from five to two, leading to concerns among the PEPE community.
-
Suspicious Transactions Worth $390 Million Scanned by Law Enforcement Agencies in Last 5 Months: WazirX
WazirX received 431 requests from law enforcement agencies on transactions worth $390 million (roughly Rs. 3,222 crore) in the last five months. In its fourth transparency report, the exchange claimed that it has blocked over 2,431 accounts after they were red-flagged by its internal transaction monitoring process or by law enforcement agencies.
-
Indian-Origin Banker Issued 10-Year Prohibition Order In Malaysia 1MDB Case
An Indian-origin banker has been issued a 10-year prohibition order and a 24-month conditional warning for his failure to report a suspicious transaction involving the jailed Malaysian Prime Minister Najib Razak.
-
El Salvador Users Complain of Bitcoins Missing From Their Chivo Wallets, Stir Anti-Crypto Sentiment
Several citizens of El Salvador have been complaining that their Bitcoin tokens have disappeared. As of now, the government has not responded to their concerns. The Twitter account of the Chivo wallet has also been suspiciously silent since November 2.
-
Sushant Rajput Death: Money Laundering Case Over Rs 15 Crore Transactions
Sushant Singh Rajput case: Enforcement Directorate has filed a money laundering case over "suspicious transactions" worth Rs 15 crore in connection with the death of the Bollywood actor
-
Was Money Laundered? In Sushant Singh Rajput Case, A New Angle: 10 Facts
A "suspicious transaction" worth Rs 15 crore is under the lens of the Enforcement Directorate, which probes financial crimes, in the investigation into actor Sushant Singh Rajput's death, sources have said. The agency has sought details of a police case filed by the actor's father in Bihar to probe the transaction allegedly involving the brother of...
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ATM Card Cloning Incidents Reported In Delhi, Customers To Get Refund: SBI
The bank asked customers to report all suspicious transactions to home branches
