As per the latest report published by the NCA, multi-billion dollar money laundering networks were uncovered and 84 individuals were arrested as part of their operation. As per the blockchain analysis firm Chainalysis report, the NCA seized over 20 million Euros in cash and cryptocurrency as a result of its
The Washington D.C. court sentenced Roman Sterlingov — founder of Bitcoin Fog, the “darknet’s longest-running cryptocurrency mixer” — to 12 years and 6 months for laundering over 1.2 million BTC in “dirty money” on the darknet. Along with his prison term, the court imposed a $395.6 million ‘forfeiture money judgment’
Nigeria has withdrawn money laundering charges against Tigran Gambaryan, an executive at Binance. This decision comes as Gambaryan seeks medical treatment abroad, according to the government’s lawyer. The announcement occurred during a court session at the Federal High Court in Abuja on October 23. Gambaryan, a U.S. citizen, has been
A Nigerian court denied bail to Tigran Gambaryan, Binance’s Compliance Chief, despite his worsening health condition.The decision was handed down on October 11, 2024, following Gambaryan’s second bail plea. His legal team highlighted his medical condition, arguing that he requires urgent attention, but the court rejected the request. Gambaryan faces
Roman Sterlingov, the founder of Bitcoin Fog, a cryptocurrency mixer is challenging a potential 30-year prison sentence. It was followed by his conviction on multiple money laundering charges. In an August 15 filing with the U.S. District Court for the District of Columbia, Sterlingov’s legal team argued that the recommended
The Bank of Israel takes initiatives against illegal usage of crypto. Proper risk assessments to be conducted. Banks not to proceed transactions without proper license. As the crypto dominance has taken over the world effectively, together with the dark world too. It’s highly evident that over the past few years
Several sanctioned persons had accounts with Credit Suisse. Bank secrecy restrictions make it easier to dodge laws. Credit Suisse handled accounts for sanctioned persons and heads of state allegedly suspected of money laundering worth more than $100 billion until recently, according to data that has been leaked from the bank.
Irregular NFT markets received more than $1 million in cryptocurrencies. The firm said criminals received a record-breaking $14 billion in cryptocurrency. Chainalysis, a blockchain analytics business, estimates criminals laundered $8.6 billion (£6.4 billion) in crypto in 2021, an increase of 30% from the previous year. It claims that police might
US Department of Treasury fears over NFTs. Many illegal money launderings and even terrorsim financings are ought to take upon NFTs. MsCryptoMom fully confident in the positive abilities of both DeFi and NFT. As the world grows, amidst technological developments entering new era’s with the passing of every year and
The Directorate of Vigilance and Anti-Corruption (DVAC) of India raided several states. Ex-TamilNadu Minister belonging to the party AIADMK, house fully raided. Upon raid, found money being stacked up in the form of cryptos. Corruption is one thing that the counter of India still persists in fighting. Most of the
