Virtual Currency Mixer Tornado Cash sanctioned by OFAC
OFAC has sanctioned: TORNADO CASH (a.k.a. TORNADO CASH CLASSIC; a.k.a. TORNADO CASH NOVA); Website tornado.cash; Digital Currency Address - ETH 0x8589427373D6D84E98730D7795D8f6f8731FDA16; alt. Digital...
View ArticleExtradition from Austria for fraud & money laundering
Department of Justice U.S. Attorney’s Office District of Utah FOR IMMEDIATE RELEASE Friday, July 15, 2022 Turkish Businessman Extradited from Austria to Face Money Laundering and Wire Fraud Charges...
View ArticleMoney launderer in my backyard… gets jail
Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Thursday, July 21, 2022 Burlington County Woman Sentenced One Year and One Day in Prison for Role in Scheme to...
View ArticleHigh-Ranking BitMEX Employee pleads to BSA violations
Department of Justice U.S. Attorney’s Office Southern District of New York FOR IMMEDIATE RELEASE Monday, August 8, 2022 High-Ranking Employee At Cryptocurrency Exchange Pleads Guilty To Bank Secrecy...
View ArticleNY DFS Enforcement Action: Robinhood Crypto
DFS SUPERINTENDENT HARRIS ANNOUNCES $30 MILLION PENALTY ON ROBINHOOD CRYPTO FOR SIGNIFICANT ANTI-MONEY LAUNDERING, CYBERSECURITY & CONSUMER PROTECTION VIOLATIONS DFS Investigation Finds Robinhood...
View ArticleFINTRAC Enforcement Action: Cheetah Consulting Ltd.
FINTRAC imposes an administrative monetary penalty on Cheetah Consulting Ltd. News Release August 16, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary...
View ArticleMoney Laundering Ring gets 8 indicted
Department of Justice U.S. Attorney’s Office District of Massachusetts FOR IMMEDIATE RELEASE Friday, July 29, 2022 Eight Indicted in Money Laundering Ring Two defendants owned Chinatown restaurant;...
View ArticleCharges in romance scam money laundering case
Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Thursday, August 11, 2022 Virginia Man Charged with Conspiring to Launder Money Obtained from Internet-Enabled...
View ArticleJersey Guys charged with drug and money laundering crimes
Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Thursday, August 11, 2022 Four New Jersey Men Charged with Fentanyl Analogue Distribution and Money Laundering...
View ArticleOFSI posts initial crypto regulatory treatment
Publication Type: LetterCategory: Capital, Liquidity, LeverageDate: August 18, 2022Audiences: Banks, T&L, FBBs, L&Fs, and P&C OSFI is issuing the attached advisory, Interim arrangements...
View ArticleCrypto launderer extradited from Netherlands
Department of Justice U.S. Attorney’s Office District of Oregon FOR IMMEDIATE RELEASE Wednesday, August 17, 2022 Alleged Russian Cryptocurrency Money Launderer Extradited from the Netherlands to the...
View ArticleExtradition for crypto money launderer from Greece
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, August 5, 2022 Alleged Russian Cryptocurrency Money Launderer Extradited to United States Defendant Extradited from Greece...
View ArticleMAS issues AML/CFT information paper for asset managers
Monographs/Information PapersPublished Date: 24 August 2022 Strengthening AML/CFT Practices for External Asset Managers This information paper follows from a series of anti-money laundering and...
View ArticleMoney Laundering Fugitive sentenced to 2 years after more than a decade on...
Department of Justice U.S. Attorney’s Office Middle District of Louisiana FOR IMMEDIATE RELEASE Thursday, August 4, 2022 Former Southern University Professor Sentenced to 24 Months in Federal Prison...
View ArticleHong Kong Monetary Authority (HKMA) Enforcement Action: Commerzbank
26 Aug 2022 The Monetary Authority takes disciplinary action against Commerzbank AG, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance The Hong...
View ArticleUsed car dealer sentenced for money laundering
Department of Justice U.S. Attorney’s Office District of Massachusetts FOR IMMEDIATE RELEASE Friday, August 5, 2022 Milton Man Sentenced for Money Laundering Owner of used car dealership laundered...
View ArticleUK Gambling Commission enforcement actions – hoo boy, there are a lot!
Just from August – they all include AML failures: August 25 – Online gambling business Spreadex Limited to pay £1.36 millionAugust 17 – Entain to pay £17 million for regulatory failuresAugust 11 –...
View ArticleBTC-e Bitcoin Exchange operator (allegedly) extradited from Greece
Department of Justice U.S. Attorney’s Office Northern District of California FOR IMMEDIATE RELEASE Friday, August 5, 2022 Alleged Russian Cryptocurrency Money Launderer Extradited to United States...
View ArticleAnd another enforcements page – this one’s from Georgia (the country, silly!)
Just from August 22nd: ON IMPOSING A FINANCIAL SANCTION ON THE CURRENCY EXCHANGE BUREAU – LTD “SANO” (I/N 406181894)MONETARY FINE WAS IMPOSED ON CURRENCY EXCHANGE OPERATOR – LTD “TAVISUPLEBA” (I.N...
View ArticleMAS Enforcement Action: UOB Kay Hian Private Limited pays SGD$375K
Enforcement Actions Media ReleasesPublished Date: 31 August 2022 MAS Imposes Composition Penalty of $375,000 on UOB Kay Hian Private Limited for business conduct and AML/CFT failures Singapore, 31...
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