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
China’s recent action upon imposing and regulating all crypto based firms has now led to new milestones for the government. The Ministry of Public Security testifies the arrest of 1000 along with the bashing down of 170 gangs so far , all linked to crypto based money laundering. The Scams
Binance is under investigation by the US DOJ and IRS. Binance partners with law enforcement agencies to fight bad players. US officers frightened by the lack of oversight over digital belongings. Crypto exchange Binance is under investigation by the US Department of Justice (DOJ) and the Internal Revenue Service (IRS).
