Tag: money laundering
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Europol Sees Tools to Tackle Crime in Cryptocurrency and Blockchain Technologies
In the case of cryptocurrencies, abuse increases with use, according to Europol, which also noted that blockchain technologies give law enforcement a new way to combat crime. The law enforcement organization in Europe claims it can assist in the investigation of money laundering networks. Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says Following…
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Israel detains three people in a crypto scheme to launder millions of dollars stolen from France
Three suspects have been detained by Israeli police for allegedly using cryptocurrency transactions to launder millions of euros taken from the French treasury. Government grants for companies impacted by the Covid-19 pandemic provided the funding. This week, three people were detained in Israel on suspicion of helping criminals who conned the French government with money-laundering…
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Panama’s President partially vetoes a crypto-law passed by the country’s legislature.
The president of Panama, Laurentino Cortizo, has used his veto power to raise a number of objections to the recently passed cryptocurrency law. The president’s remarks are limited to a few articles and have no bearing on the law as a whole. However, these sections of the bill will have to be re-examined in light…
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Scam Alert: 5 arrested by Italian Authorities, 93 social media pages and 7 websites seized for promoting Onecoin
The controversial cryptocurrency Onecoin which is considered to be the most infamous cryptocurrency scam pulled off so far continue to suffer nemesis. The crypto scam was reported to have raised $4 billion before it was shut down. Officials of Special Antitrust Unit in Verona, Italy have managed to seize 93 social media pages and 7…
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Bitcoin in Center of Dark Web Drug Dealing Case in Holland
Accused of laundering hundreds of thousands of euros through the digital currency Bitcoin, six men are facing charges in a Dutch court for apparently selling Bitcoin paid for by illegal drug sales. The men face potential sentences ranging from six to 36 months for crimes relating both to drug possession, as well as money laundering. There…
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Troubled BTC-e Exchange Claims Control of Databases and Bitcoin Wallets
A forum account tied to the cryptocurrency exchange BTC-e has issued a new statement, claiming to be in control of databases and bitcoin wallets days after the site’s domain was seized by law enforcement agencies. As CoinDesk reported, BTC-e – one of the longest-running and most secretive of the world’s bitcoin exchanges – was targeted in a broad…