Latest Cryptocurrency Threats – Page 3
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NewsUK police seize record amount of cryptocurrency in money laundering case
The Metropolitan Police (Met) in the UK have confiscated almost £180m ($250m, €210m) in cryptocurrency as part of an ongoing investigation into international money laundering.
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NewsOver 170 Android apps involved in crypto mining scams
Over 170 fake Android apps, including 25 apps in the Google Play store, have defrauded more than 93,000 users through crypto mining scams.
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NewsBinance aims for regulatory compliance, says CEO
Online cryptocurrency exchange Binance is determined to follow local rules wherever it operates, says CEO and founder Changpeng Zhao.
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NewsPakistan establishes AML/CTF unit
The National Accountability Bureau, Pakistan’s anti-corruption watchdog, has set up an anti-money laundering and terror financing team (AML/CTF) to check financial crimes and illegal transfer of resources.
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NewsUK’s financial watchdog bans cryptocurrency trader Binance
The Financial Conduct Authority (FCA) has prohibited Binance Markets Limited (BML) from undertaking any regulated activity in Britain.
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NewsUK police make ‘one of world’s largest cryptocurrency seizures’
London’s Metropolitan Police (Met) has confiscated £114m ($159m, €133m) worth of cryptocurrency in an ongoing investigation into money laundering.
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NewsMcAfee dies in Spanish prison
Antivirus software pioneer John McAfee has been found dead in a suspected suicide in his Barcelona prison cell after Spain’s high court authorised his extradition to the US to face tax evasion charges.
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VideoScams: Fuelling the Crypto Fire : A presentation by Scott Johnston, Chainalysis
In its 2021 Crypto Crime Report, Chainalysis, a leading blockchain analysis company, found that scams – ranging from Darknet market abuse, extortion, phishing to Ponzi schemes – continue to be the highest-grossing forms of cryptocurrency-based crime, bringing in around $2.7 billion to criminals.
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VideoOff the Crypto Rollercoaster: Are stable coins and centralised digital currencies ‘safe’ alternatives?
In the face of soaring market values for a variety of cryptocurrencies, public authorities and established financial institutions across the world have been forced to start considering the implications of these assets’ wider usage. Cryptocurrencies are no longer seen to be a ‘fringe’ interest, or of little relevance to the wider economy.
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NewsFCA warns of dangers from unregistered crypto companies
The 111 crypto asset firms operating in the UK without registration pose a risk to the broader financial system, according to Mark Steward, head of enforcement and market oversight at the Financial Conduct Authority’s (FCA).
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NewsChina arrests more than 1,000 in cryptocurrency money laundering case
The Ministry of Public Security in China has detained around 1,100 people on charges of using cryptocurrency to launder money.
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AnalysisStablecoins, Central Bank Digital Currencies and the future of digital money
Governments across the world are looking at setting up Central Bank Digital Currencies as a way of competing with ‘traditional’ cryptocurrencies and improving control. Experienced financial crime investigator Ari Redbold, ahead of his appearance at FinCrime World Forum, explains how he sees the future shaping up
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FeatureGRCTV: Are virtual assets really the financial crime risk some say?
Joe Tidy and this week’s guests discuss recent wins for cyber, Kleptocracy in London and Russia, and what needs to be implemented to reduce the risk of virtual assets to AML.
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NewsEl Salvador to make Bitcoin legal tender
El Salvador’s president has announced that he will make the Bitcoin cryptocurrency a legal tender in the country.
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NewsSouth Korea’s first regulated crypto exchange could launch in Q3
South Korea has requested crypto exchanges to comply with new regulatory requests, and should the exchanges complete the process by June, the country’s first regulated exchange could launch towards the beginning of Q3 2021.
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NewsChina bans financial payment institutions from crypto business
China’s regulatory authorities have banned financial and payment institutions from providing services related to cryptocurrency transactions.
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AnalysisThe key theme: Aligning RegTech to FinCrime realities
Interest is growing in the use of RegTech solutions in financial crime and this will be a major topic at FinCrime World Forum next month. Here we take a look at some of the major technologies and techniques that could be utilised as well as some of the barriers to adoption
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News‘DeFi’ fraud rises whilst cryptocurrency crime declines
New report reveals an alarming new trend in which decentralised finance hacks now make up more than 60% of the total crypto thefts and hacks volume.
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NewsWorld’s largest crypto exchange under federal investigation
Binance has now become the subject of a money laundering investigation.
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NewsTurkey brings cryptocurrency firms under AML/CFT rules
Cryptocurrency exchanges are now included in Turkey’s anti-money laundering and counter terrorism (AML/CFT) financing regulations.