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Money Laundering

Elliptic co-founder Tom Robinson (center) is one of the authors of the AI research paper (CoinDesk archives)
Technology
Elliptic
Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.
Elliptic co-founder Tom Robinson (center) is one of the authors of the AI research paper (CoinDesk archives)
By Ian Allison
May 1, 2024 at 1:00 p.m. UTC
May 1, 2024
EllipticAIMoney LaunderingCrime
Jebara Igbara was sentenced to 7 years in prison. (Sasun Bughdaryan / Unsplash)
Policy
Regulations
Jebara Igbara, AKA 'Jay Mazini,' Sentenced to 7 Years in Prison for Crypto-Related Fraud
Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.
Jebara Igbara was sentenced to 7 years in prison. (Sasun Bughdaryan / Unsplash)
By Camomile Shumba
Apr 25, 2024 at 10:49 a.m. UTC
Apr 25, 2024
RegulationsCryptoFraudMoney LaunderingUSCrime
European Parliament (Frederic Köberl/ Unsplash)
Policy
Regulations
EU Lawmakers Vote for Three Major Texts in Anti-Money Laundering Package That Also Targets Crypto
The broad package sets up an anti-money laundering authority, a single rulebook for all 27 member states, and tough rules for crypto service providers.
European Parliament (Frederic Köberl/ Unsplash)
By Sandali Handagama
Mar 19, 2024 at 12:15 p.m. UTC
Mar 19, 2024
RegulationsEUMoney Laundering
U.S. Sen. Elizabeth Warren (D-Mass.) gathers influential lawmakers for her crypto money laundering bill. (Courtesy of Sen. Elizabeth Warren)
Policy
Elizabeth warren
Senator Warren Hits Out at Crypto Again, Says Industry Needs to Follow the Same Rules as TradFi
Warren reiterated her disdain for the industry in an interview.
U.S. Sen. Elizabeth Warren (D-Mass.) gathers influential lawmakers for her crypto money laundering bill. (Courtesy of Sen. Elizabeth Warren)
By Parikshit Mishra
Feb 28, 2024 at 7:12 a.m. UTC
Feb 28, 2024
Elizabeth WarrenMoney LaunderingDemocrats
(Jason Leung/Unsplash)
Technology
Chainalysis
Crypto Money Laundering Dropped 30% Last Year, Chainalysis Says
Illicit addresses sent $22.2 billion in cryptocurrency to services in 2023, a decrease from $31.5 billion in 2022.
(Jason Leung/Unsplash)
By Sam Reynolds
Feb 15, 2024 at 2:00 p.m. UTC
Feb 15, 2024
ChainalysisSecurityMoney Laundering
The U.S. Department of Justice grabbed another of the men it alleges moved billions in criminal money at BTC-e. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Man Behind Defunct BTC-e Exchange Once Popular with Criminals Faces U.S. Charges
Aliaksandr Klimenka is accused of processing billions in transactions for drug peddlers and cybercriminals throughout much of the 2010s.
The U.S. Department of Justice grabbed another of the men it alleges moved billions in criminal money at BTC-e. (Jesse Hamilton/CoinDesk)
By Elizabeth Napolitano
Feb 1, 2024 at 8:38 p.m. UTC
Feb 1, 2024
RegulationsMoney LaunderingBTC-eDepartment of JusticeCourtCriminal
Police, crime (geralt/Pixabay)
Policy
Crime
UK Police Seize Nearly $1.8B of Bitcoin From Investment Fraud in China: FT
A London court heard of the seizure Tuesday as part of the trial of Jian Wen, who is accused of laundering bitcoin on behalf of her former employer, Yadi Zhang, FT reported.
Police, crime (geralt/Pixabay)
By Jamie Crawley
Jan 31, 2024 at 3:35 p.m. UTC
Jan 31, 2024
CrimeMoney LaunderingPolicy
(Arun Prakash/Unsplash)
Finance
Opinion
Crypto for Advisors: Bitcoin Myth Busting
Despite growth and resilience, several myths continue to plague the digital asset ecosystem.
(Arun Prakash/Unsplash)
By Sarah MortonKunal Bhasin
Dec 28, 2023 at 4:45 p.m. UTC
Dec 28, 2023
OpinionCrypto for AdvisorsNewsletterFinancial AdvisorsFinancial AdvisersMoney LaunderingTerrorismTerrorist Financing
(Alexander Grey/Unsplash)
Policy
Money laundering
Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.
(Alexander Grey/Unsplash)
By Jamie Crawley
Dec 14, 2023 at 4:20 p.m. UTC
Dec 14, 2023
Money LaunderingCrimeScamsDepartment of JusticeCaliforniaUS
Binance CEO Changpeng Zhao leaves the U.S. District Court in Seattle, Washington. (David Ryder/Getty Images)
Finance
Analysis
Binance Settlements Could End Death-Spiral Fears – And Might Be Good News
While Binance’s deal with the U.S. Department of Justice over anti-money-laundering violations has consequences for Changpeng "CZ" Zhao personally, it could lead to a fresh st...
Binance CEO Changpeng Zhao leaves the U.S. District Court in Seattle, Washington. (David Ryder/Getty Images)
By Helene Braun
Nov 22, 2023 at 7:35 p.m. UTC
Nov 22, 2023
AnalysisBinanceJustice departmentLegalCriminal ActivitiesMoney LaunderingCrypto Exchanges