Tag Archives: money laundering
Ohio man charged for laundering $300 million through Bitcoin ‘mixer’
American law enforcement just illustrated how important cryptocurrency has become in the criminal world. Federal agents have charged Ohio resident Larry Harmon for allegedly running a darknet-based Bitcoin "mixer" that laundered the equivalent of ro...
Apple ‘surprised’ by Germany’s new law to open up mobile payments
Germany has introduced new legislation to deal with money-laundering, and it's causing problems for Apple. On Thursday, the German Parliament passed a raft of new measures to bring the country in line with EU directives on money laundering. These inc...
Fraud forces Valve to kill ‘CS:GO’ loot box key trading
Valve's policy of allowing Counter Strike: Global Offensive players to buy and re-sell keys to access in-game loot boxes is no more. The company has announced that the marketplace has apparently been taken over by large fraud networks as a way of lau...
US says digital assets are covered by money laundering and disclosure laws
US regulators issued a blunt warning to cryptocurrency holders who think they're not beholden to the usual rules. The Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network have put...
UK police auction TalkTalk hacker’s cryptocurrency
A UK police force auctioned off more than £240,000 of cryptocurrency that they confiscated from the teenage hacker behind the 2015 TalkTalk breach. In April 2018, police discovered that Elliott Gunton was stealing personal data in exchange for...
US Treasury has ‘serious concerns’ Libra could be used for terrorism
The US government views cryptocurrencies, including Facebook-backed Libra, as a national security issue. In a press conference today, Treasury Secretary Steven Mnuchin said the Treasury Department has "very serious concerns" that Libra could be misus...
Silk Road 2 founder sentenced five years after the site was shut down
It's been nearly five years since the feds shut down Silk Road 2. But its founder is only now being sentenced to prison. According to Motherboard, Thomas White, also known as Dread Pirate Roberts 2 (DPR2) plead guilty to drug trafficking, money laund...
Who Will Tax Bitcoin And How?
Will 2014 be the year we trade in our credit cards and abandon our wallets in favor of virtual currencies? If you follow the recent hype surrounding bitcoin, the trendiest of the new crop of digital...
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Conor Arrested with $153,000
It was an odd scenario that emerged when a man showed up for a flight from Tennessee to California with $153,000 on him. When questioned by the authorities, he started making the usual excuses. Some...
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