Following their joint declaration committing to regulate crypto assets, the G20 countries are now preparing to set crypto policies at the upcoming summit. Several international organizations have contributed resources and are actively working to help shape the regulations. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request G20 Prepares to Discuss Crypto Policies The upcoming G20 summit will be held in Osaka, Japan, on … [Read more...] about G20 Prepares to Regulate Crypto Assets – a Look at Current Policies
Money Laundering
How the World’s Leading Banks Help Launder $2 Trillion a Year
Some of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or at least willing to turn a blind eye. The following is a look at money laundering schemes used by criminal … [Read more...] about How the World’s Leading Banks Help Launder $2 Trillion a Year
Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’
On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov was also arrested in Los Angeles and appeared before a judge in California. Also … [Read more...] about Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’
1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme
A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia. The Troika Laundromat is unique in that “it was created by a prestigious financial institution.” Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval $8.8 Billion Money Laundering … [Read more...] about 1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme
Nordea Bank Faces Allegations of Laundering Russian Millions
Finnish public broadcaster YLE will air a damning program on March 4 that reveals Nordea Bank’s alleged involvement in a multi-million-dollar money laundering scheme. The program will show how dirty money, mostly from Russian criminals, passed through Nordea, the biggest lender in the Nordic region. Also read: Startup Company Sets Up Bitcoin ATM in Botswana YLE to Broadcast ‘Big Information Leak’ on Money Laundering Nordic financial authorities … [Read more...] about Nordea Bank Faces Allegations of Laundering Russian Millions