South Korean Crypto Exchanges Create AML Hotline To Combat Money Laundering

News | January 29, 2019 By:

South Korean crypto exchanges Bithumb, Coinone, Korbit, and Upbit have joined forces to fight potential money laundering and protect the interests of users in the country.

The four crypto exchanges recently established a “hotline” to allow sharing real-time wallet information on suspicious or unusual trading activities that are suspected to involve criminal acts,


WSJ’S Crypto Money Laundering Article Contains Factual Inaccuracies – ShapeShift CEO

News | October 2, 2018 By:

Crypto exchange ShapeShift has refuted a recent Wall Street Journal (WSJ) investigation that claimed the exchange was used by criminals to launder money.

Last week, the WSJ published an article, titled “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” alleging that some $88.6 million have been laundered through 46 cryptocurrency exchanges.


California Bitcoin Trader Charged With Money Laundering

Crime, News | August 20, 2018 By:

Jacob Burrell Campos, a 21-year-old bitcoin dealer from California, has been charged with various counts of money laundering for allegedly operating an illegal money transmitting business.

The US Department of Justice (DOJ) announced Friday that Burrell was ordered to be held without bail in connection with a 31-count indictment charging him with operating an illegal money transmitting business,


Former Prosecutor Laurel Rimon On Money Laundering: “What’s Identified Is A Fraction of What Goes On.”

Bitcoin, Blockchain and the Law, Crime, News, Regulation | May 14, 2018 By:

Banks and financial institutions are long accustomed to new and changing regulations aimed at preventing money laundering and terrorist financing. Now, a new set of Customer Due Diligence Requirements issued by FinCEN have taken effect.  

But for emerging “money services business” (MSB) – especially those engaged in cryptocurrency,


Citigroup Looking For Certified Bitcoin Professionals To Tackle Money Laundering

Announcements, News | April 19, 2018 By:

Financial services giant Citigroup is looking for bitcoin professionals to beef up its anti-money laundering team.

According to LinkedIn job ads, the New York-based financial-services giant is looking for a vice president and senior vice president for its anti-money laundering division to explore risks associated with money laundering in bitcoin and other cryptocurrencies.


Europol Arrests 11 In Bitcoin Money Laundering Case

Crime, News | April 11, 2018 By:

European law enforcement agency Europol has taken down an alleged criminal organization dedicated to money laundering from drug trafficking through the use of cryptocurrencies.

According to Europol, they had arrested 11 individuals and identified 137 suspects potentially involved in a criminal network. The criminal network operated from Spain and Colombia and is accused of laundering more than €8 million ($9.9M USD),