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US Department of Justice Reportedly Shuts National Cryptocurrency Enforcement Team
The US DoJ has reportedly disbanded the "National Cryptocurrency Enforcement Team". The members of the unit were informed about the development through an internal memo. The NCET included prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.
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Indian-American County Judge Arrested On Money Laundering Charges In US
Fort Bend County judge K P George, a prominent Indian-American elected official, was arrested Friday on two felony counts of money laundering stemming from allegations of wire fraud and falsification of a campaign finance report.
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Man Wanted By US For Rs 83,00,00,00,00,000 Crypto Fraud Arrested In Kerala
Garantex facilitated money laundering to the tune of at least $96 billion in cryptocurrency transactions by transnational criminal organisations and violated sanctions.
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US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
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Probe Agency Investigates Role Of Canadian Colleges, Indian Entities In Human Trafficking
The Enforcement Directorate is investigating the alleged involvement of some Canadian colleges and a few Indian entities in a money laundering case linked to the trafficking of Indians into the US from the Canada border.
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Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India
Binance has been issued a notice for the payment of Rs. 772 crore in GST charges in India. In conversation with Gadgets360, an official said the notice issued to Binance should be seen by the exchange as an opportunity to present their front of the case and bring their business operations in alignment with India’s legal framework.
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Probe Agency Arrests Man, Seizes Bitcoin Worth Rs 130 Crore In US Requested Probe
The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated on the request of US authorities.
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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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Ex-Binance CEO Jailed For 4 Months In US Over Money Laundering Violations
The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.
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US Seeks 3 Years Prison for Binance Founder Changpeng Zhao
US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering.
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KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says
KuCoin has been charged by US prosecutors along with two of its founders for failing to comply with US anti-money laundering rules. One of the world's largest cryptocurrency exchanges, KuCoin was established in 201. It has now been charged with “wilfully failing” to establish and maintain a program to keep the platform from being used for illic...
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Iraq Bans 8 Local Banks From US Dollar Transactions
Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official.
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US Sanctions Cryptocurrency Mixer Sinbad Over North Korea Ties
The United States on Wednesday sanctioned a crypto mixer that it said was serving as a money laundering tool used by hackers affiliated with the North Korean government.
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India's MoS IT Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle
Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...
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US Accuses Binance Of Money Laundering For Hamas, ISIS And Al Qaeda
Hamas uses a global financing network to funnel support from charities and friendly nations, including by using cryptocurrencies.
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US Department of Justice Reportedly Shuts National Cryptocurrency Enforcement Team
The US DoJ has reportedly disbanded the "National Cryptocurrency Enforcement Team". The members of the unit were informed about the development through an internal memo. The NCET included prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.
-
Indian-American County Judge Arrested On Money Laundering Charges In US
Fort Bend County judge K P George, a prominent Indian-American elected official, was arrested Friday on two felony counts of money laundering stemming from allegations of wire fraud and falsification of a campaign finance report.
-
Man Wanted By US For Rs 83,00,00,00,00,000 Crypto Fraud Arrested In Kerala
Garantex facilitated money laundering to the tune of at least $96 billion in cryptocurrency transactions by transnational criminal organisations and violated sanctions.
-
US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
-
Probe Agency Investigates Role Of Canadian Colleges, Indian Entities In Human Trafficking
The Enforcement Directorate is investigating the alleged involvement of some Canadian colleges and a few Indian entities in a money laundering case linked to the trafficking of Indians into the US from the Canada border.
-
Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India
Binance has been issued a notice for the payment of Rs. 772 crore in GST charges in India. In conversation with Gadgets360, an official said the notice issued to Binance should be seen by the exchange as an opportunity to present their front of the case and bring their business operations in alignment with India’s legal framework.
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Probe Agency Arrests Man, Seizes Bitcoin Worth Rs 130 Crore In US Requested Probe
The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated on the request of US authorities.
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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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Ex-Binance CEO Jailed For 4 Months In US Over Money Laundering Violations
The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.
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US Seeks 3 Years Prison for Binance Founder Changpeng Zhao
US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering.
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KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says
KuCoin has been charged by US prosecutors along with two of its founders for failing to comply with US anti-money laundering rules. One of the world's largest cryptocurrency exchanges, KuCoin was established in 201. It has now been charged with “wilfully failing” to establish and maintain a program to keep the platform from being used for illic...
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Iraq Bans 8 Local Banks From US Dollar Transactions
Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official.
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US Sanctions Cryptocurrency Mixer Sinbad Over North Korea Ties
The United States on Wednesday sanctioned a crypto mixer that it said was serving as a money laundering tool used by hackers affiliated with the North Korean government.
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India's MoS IT Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle
Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...
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US Accuses Binance Of Money Laundering For Hamas, ISIS And Al Qaeda
Hamas uses a global financing network to funnel support from charities and friendly nations, including by using cryptocurrencies.
