All by tag: AML

Stablecoins from issuer Circle will not be affected by the changes

Following monitoring, the group reported that money laundering is taking place in multi-layered schemes involving drops

Executives of foreign virtual asset service providers can receive jail terms and fines for violations

Crypto mixer smart contracts do not have an administrator key, so no one can control them, and they are not considered proprietary

The exchange allegedly allowed users who provided inappropriate-quality ID pictures to trade

In a January report, the organization already mentioned the use of USDT for money laundering in Southeast Asia

According to the company’s head, mixers and anonymous cryptocurrencies can make it harder to solve crimes

The task force said it had already frozen $12 million in USDT that had been used in an investment fraud

As a result of the hack, the exchange lost almost half of its reserves and started a restructuring process

The plaintiffs allege that the exchange caused them losses because it facilitated the laundering of assets stolen from them

Journalists, in turn, accused officials of lying, noting that the largest of these addresses has a zero balance and has never been used

A well-known crypto blogger in the CIS, the author of the SLEZY SATOSHI channel, was also blocked