money laundering

Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions.

Source: en.wikipedia.org

Payments Experts: G20 Faster Payments Goals Could Foster Financial Crime
Payments Experts: G20 Faster Payments Goals Could Foster Financial Crime
January 07, 2024  |  Faster Payments

Will the G20’s campaign for faster payments have unintended negative consequences? A new report by the U.K.’s Future of Financial Intelligence Sharing (FFIS) said plans to make...

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India to Block 9 Offshore Virtual Digital Asset Service Providers
India to Block 9 Offshore Virtual Digital Asset Service Providers
December 28, 2023  |  Cryptocurrency

The Financial Intelligence Unit India (FIU IND) aims to block the URLs of nine offshore virtual digital asset service providers (VDA SPs). The regulator has...

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Coinbase CEO: Binance Settlement Will ‘Turn the Page’ for Crypto
Coinbase CEO: Binance Settlement Will ‘Turn the Page’ for Crypto
November 27, 2023  |  Cryptocurrency

Does the end of the case against Binance mark a new beginning for cryptocurrencies? That’s what Coinbase CEO Brian Armstrong believes, according to a Monday (Nov. 27) interview with CNBC. “The enforcement action...

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Tale of 2 Crypto Exchanges: Binance’s Money Laundering vs FTX’s Misappropriation
Tale of 2 Crypto Exchanges: Binance’s Money Laundering vs FTX’s Misappropriation
November 22, 2023  |  Cryptocurrency

Cryptocurrency exchanges play a vital role in the digital asset ecosystem. They facilitate the buying, selling, trading, transferring, and storing of both individual and institutional...

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Report: DOJ and Binance Negotiating Resolution to Investigation
Report: DOJ and Binance Negotiating Resolution to Investigation
November 20, 2023  |  Cryptocurrency

The U.S. Justice Department is reportedly negotiating with cryptocurrency exchange Binance Holdings to resolve a long-standing investigation. The department is seeking a settlement of over $4 billion...

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PayPal Gets Approval to Offer Crypto-Asset Activities in UK
PayPal Gets Approval to Offer Crypto-Asset Activities in UK
November 01, 2023  |  Digital-First Banking

PayPal received approval from the Financial Conduct Authority (FCA) on Tuesday (Oct. 31) to offer crypto-asset activities in the United Kingdom. The FCA has implemented stricter rules on marketing crypto...

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Tether Disputes Report of Stablecoin Being Used for Illicit Activities
Tether Disputes Report of Stablecoin Being Used for Illicit Activities
October 27, 2023  |  Cryptocurrency

Tether has disputed a media report that its stablecoin is increasingly being used for illicit activities. The Wall Street Journal (WSJ) reported Friday (Oct. 27) that the stablecoin...

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Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
September 29, 2023  |  Legal

French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE, is reportedly under investigation for possible money laundering. The investigation, initiated...

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Coinbase CEO Criticizes Chase UK Ban on Crypto Transactions
Coinbase CEO Criticizes Chase UK Ban on Crypto Transactions
September 29, 2023  |  Cryptocurrency

Coinbase CEO Brian Armstrong has reportedly criticized J.P. Morgan Chase’s decision to block crypto-related transactions in its U.K. digital banking subsidiary, Chase UK. Armstrong said that private companies should not...

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