Tagged: money laundering

October 20, 2026 @ 9:33 am By Omar Faridi  |  

Thai immigration authorities have taken a 37-year-old Chinese national into custody in Bangkok following a multi-year search linked to an alleged transnational criminal operation. Officers from Immigration Division 3 located and detained the man, identified in Thai media reports as Wu Chaoshuai, at a luxury… Read More

October 6, 2026 @ 8:57 am By Omar Faridi  |  

Blockchain investigator ZachXBT disclosed on October 5, 2026, that he spent weeks inside a Chinese organized crime network he says has moved more than $1 billion in stolen cryptocurrency for North Korea’s Lazarus Group across several exploits. In a 12-part thread on X, he described… Read More

September 23, 2026 @ 5:38 pm By Omar Faridi  |  

A recent investigation has revealed how a Kremlin-linked payments company allegedly moved more than $6.9 billion through major international banks by exploiting gaps in compliance controls and using a large-scale document-forgery operation. The reporting from the FT is said to be based on hundreds of… Read More

September 16, 2026 @ 9:24 pm By Omar Faridi  |  

Mexican federal and state investigators have shut down a concealed cryptocurrency mining site in the mountains of Puebla, seizing hundreds of specialized computers while examining whether the facility stole electricity and helped disguise illicit funds. The property was secured in Tlaola, a remote municipality in… Read More

September 8, 2026 @ 7:07 am By Omar Faridi  |  

Federal prosecutors have secured a guilty plea from a Mexican citizen accused of helping move millions of dollars in narcotics profits out of the United States through digital assets. Carlos Erick Vazquez Gonzalez, 48, admitted on September 4, 2026, to taking part in a money-laundering… Read More

April 10, 2026 @ 5:05 am By Omar Faridi  |  

Tornado Cash developer Roman Storm and the US Department of Justice were again in court on April 9, 2026 in order to look into whether a prior money transmitting conviction may be overlooked and thrown out this time. This past Thursday, in a US District… Read More

January 29, 2026 @ 1:43 pm By JD Alois  |  

Saxo Bank, a Danish bank focused on online trading and investment with more than €115 billion in client assets, has been penalized by the Danish authorities regarding claims of money laundering violations. The Danish Financial Supervisory Authority has assessed a fine of DKK 313,000,000 or… Read More

January 28, 2026 @ 8:03 pm By Omar Faridi  |  

Chainalysis pointed out that in recent years, networks operating primarily in Chinese-language channels have emerged as a major player in the shadowy world of cryptocurrency-based money laundering. Chainalysis also explained that these groups, often referred to as Chinese-language money laundering networks (CMLNs), now account for… Read More

December 29, 2025 @ 10:55 am By Omar Faridi  |  

In the evolving ecosystem of web3 and cryptocurrency platforms and exchange services, stablecoins have become a focal point for anti-money laundering (AML) efforts. A recent report highlights a significant development in how two leading issuers handle asset freezes, underscoring broader tensions between tech advancements and… Read More

November 13, 2025 @ 2:36 pm By JD Alois  |  

In a wide-ranging attack on drug-based money laundering, the US Department of the Treasury, in partnership with the Mexican government, has applied sanctions and other measures to undermine organized crime operating in Mexico, Europe, Canada, and elsewhere. The Office of Foreign Assets Control (OFAC) and… Read More

November 4, 2025 @ 1:04 pm By Omar Faridi  |  

A legal representative for US Senator Elizabeth Warren is now defending a social media post in which the lawmaker alleged that “corruption” somehow led to the October 23, 2025 presidential pardon of Binance founder Changpeng Zhao or “CZ”. A lawyer said to be representing Zhao… Read More

November 2, 2025 @ 2:44 pm By Omar Faridi  |  

Binance founder and former CEO of the crypto exchange, Changpeng “CZ” Zhao is considering a lawsuit against US Senator Elizabeth Warren for alleged defamation, potentially further escalating an argument that was made following the crypto billionaire’s residential pardon. The development has surfaced after the Massachusetts… Read More

July 14, 2025 @ 9:02 am By Omar Faridi  |  

The cryptocurrency industry continues to evolve, with this year bringing significant regulatory advancements, compliance challenges, and persistent threats from scams, according to an update from blockchain intelligence firm Elliptic. Recent developments highlight Hong Kong’s drive to become a global hub for digital assets, the complexities… Read More

July 5, 2025 @ 10:44 pm By Michael Wong  |  

Singapore’s central bank has imposed S$27.45 million ($20.3 million) in fines on nine financial institutions after concluding a sweeping investigation into anti-money laundering (AML) lapses tied to a major money laundering case uncovered in August 2023. The Monetary Authority of Singapore (MAS) said it had… Read More

June 29, 2025 @ 7:07 pm By Omar Faridi  |  

Belgian authorities have initiated a formal investigation into the local operations of Worldline (Euronext: WLN), a French payments processing company, following serious allegations of money laundering. The probe comes in response to claims that the firm may have facilitated illicit financial activities through its Belgian… Read More

May 27, 2025 @ 7:55 am By Omar Faridi  |  

In a report titled All Roads Lead to China, TRM Labs, a blockchain intelligence firm, has unveiled the intricate web of Chinese underground banking networks that have emerged as the financial linchpin of global illicit activities. These networks, leveraging both traditional and modern financial mechanisms,… Read More

February 23, 2025 @ 5:18 pm By Michael Wong  |  

The Philippines has been removed from the Financial Action Task Force’s (FATF) grey list after more than three years, following significant progress in strengthening its anti-money laundering and counter-terrorism financing (AML/CTF) framework, the global financial watchdog said. The FATF, which monitors global efforts to combat… Read More

January 29, 2025 @ 7:50 am By Omar Faridi  |  

A London-based financial services startup, Stenn Group, has reportedly entered administration, leaving creditors facing losses of over £100 million. The company, which specialized in invoice finance, had been under investigation by HSBC, its lender, following allegations of links to a Russian money laundering case. As… Read More

January 28, 2025 @ 11:09 am By Omar Faridi  |  

Danielle Sassoon, the United States Attorney for the Southern District of New York, announced that PEKEN GLOBAL LIMITED, a Seychelles-based entity that, since at least September 2019, has operated KuCoin, one of the largest cryptocurrency exchanges, pled guilty to “one count of operating an unlicensed… Read More

December 17, 2024 @ 12:42 pm By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against two individuals and a single entity regarding money laundering to the benefit of North Korea. OFAC says that Lu Huaying and Zhang Jian, working out of the UAE and… Read More