Tagged: laundering

December 11, 2020 @ 8:48 pm By Samantha Hurst  |  

    Salv, an Estonia-based anti-money laundering platform, recently announced it secured €1.5 million to expand the pilot program AML Bridge to other European countries. According to Salv,  the pilot comes in cooperation with four of Estonia’s largest banks – LHV, Luminor, SEB Estonia and… Read More

January 28, 2020 @ 8:19 am By Samantha Hurst  |  

Gemini Trust Company, a U.S.-based cryptocurrency exchange and custodian, announced on Tuesday it has appointed Blair Halliday as Chief Compliance Officer, as well as UK and European Money Laundering Reporting Officer. According to Gemini, Halliday will oversee the strategic direction of Gemini’s compliance program in the… Read More

May 8, 2019 @ 10:44 pm By Cali Haan  |  

Officers of the Spanish Civil Guard in Spain assisted by Europol have arrested eight people and charged eight more for allegedly, “…providing large-scale crypto money laundering services to other criminal organizations.” Europol says the bust of this “cryptocurrency laundering as a service business” comes follows operation… Read More

March 1, 2019 @ 3:23 am By Cali Haan  |  

The Japan Times is reporting that the National Police Agency of Japan says it received 7000 reports of possible money laundering using cryptocurrencies in 2018. The represents a ten-fold jump in the number of reports submitted before December 2017, when Japan made it mandatory for cryptocurrency… Read More

February 24, 2019 @ 10:20 am By Cali Haan  |  

Alexander Vinnik, a Russian citizen accused of laundering billions while allegedly running the BTC-e Bitcoin exchange in London, has ended his 80-day hunger strike, Urdu Point reports. Vinnik was detained in the summer of 2017 after being arrested while vacationing in Greece with his family…. Read More

February 22, 2019 @ 12:09 pm By Cali Haan  |  

UBS, Switzerland’s largest bank, was fined 4.5 billion Euros ($5.1 billion USD) Wednesday for “aggravated money-laundering of the proceeds of tax fraud” as well as “illegal bank soliciting” for its alleged role in helping wealthy French citizens avoid taxes, Associated Press reports. Five former UBS… Read More

February 22, 2019 @ 7:43 am By Cali Haan  |  

Close on the heels of Danske Bank being ordered out of Estonia this week for its alleged role in laundering funds totaling $234 billion USD for Ukrainian, Azerbaijani and Russian clients, Danske Bank has now announced it will be, “clos(ing) down its banking activities in… Read More

February 1, 2018 @ 9:42 am By Erin Hobey  |  

Venezuela has issued a White Paper on its proposed cryptocurrency Petro (PTR). Petro has its origin in former President Hugo Chavez’s controversial idea of a strong currency backed by raw materials, in this case, petroleum; Venezuela is recognized as having the largest oil reserves in the… Read More