Islamic State creating its own currency
The Islamic State (ISIS) has issued a statement by its “treasury house” that it is issuing its own currency as the next step in its move to statehood. The currency will be represented by gold, silver...
View ArticleFrance calls for stronger counter-terrorist financing laws
Consensus on Supranational Risk Assessment As part of the 4th Anti-Money Laundering Directive approval process in the European Union (the “4th AMLD“), the Council of the European Union’s President...
View ArticleQuebec moves to regulate digital currency businesses
Are Bitcoin Exchanges MSBs? The Québec Government’s Authorité des Marchés Financiers (the “AMF“) today issued a News Release announcing that businesses that operate digital currency ATMs and “platforms...
View ArticleEuropol says organized crime is quickly changing to virtual methods
In a report released yesterday on serious organized crime called “Exploring Tomorrow’s Organized Crime” (the “Report“), Europol found that organized crime is now becoming a virtual activity over the...
View ArticleTwo Bitcoin stories hit the news related to ISIS and terrorist financing...
Bitcoin hits the news related to ISIS There were two Bitcoin stories today in the US media with an ISIS connection, raising alarm bells regarding the potential use of digital currencies for terrorist...
View ArticleLead DEA & Secret Service Agents in Silk Road investigation arrested for...
Two lead US government agents in Silk Road investigation arrested for allegedly stealing over $1 million of Bitcoin from Silk Road during the investigation Two former government agents involved in the...
View ArticleClik here to view.
Digital Finance Conference to Include Hot Money Laundering & Terrorist...
The Digital Finance Institute’s 1st Conference on FinTech and Banking Innovation is holding two sessions on anti-money laundering, terrorist financing and regulatory compliance that will cover the...
View ArticleEuropol Report highlights increased global cybercriminality, threats with NFC...
Europol released its 2016 Internet Organized Crime Threat Assessment Report on cybercrime today and the results are more disturbing than last years’ report. The Report can be accessed here. Generally,...
View ArticleBiggest illegal online dark net Bitcoin marketplace shut down; run by a...
The US DoJ has taken down what it calls the world’s largest criminal marketplace on the Internet called AlphaBay yesterday, which operated for over two years on the dark net. AlphaBay was over ten...
View ArticleUS to adopt national money laundering & terrorist financing strategy that...
US President Trump signed new sanctions legislation into law on August 3, 2017, against Iran, Russia and North Korea, and at the same time, adopted a new national strategy to combat terrorist financing...
View ArticleBitcoin and taxes in Canada – do you have to pay?
As tax time approaches, purchasers, sellers, traders and holders of digital currencies are wondering whether taxes are payable on digital currencies in Canada. The answer is that it depends. While the...
View ArticleToday’s Blockchain News from Asia
업비트 압수수색: 가상화폐 거래소의 운영시스템 과 정부의 모호한 태도 By Eunji Lee 지난 5월 10일 서울남부지검 금융조사2부는 업계 1위로 알려진 업비트를 거래소 운영상의 불법 등 혐의로 압수수색을 실시해 업계에 관련된 많은 이들에게 혼란을 주었다. 검찰은 이틀동안 수사관을 보내 업비트의 컴퓨터 하드디스크와 회계 장부 등을 확보했다. 검찰수색의...
View ArticleCourt in China approves Blockchain as a source of evidence
A Court in China has ruled that Blockchain technology can be used to provide evidence in litigation in a first-of-its-kind decision. The litigation involved the ownership of intellectual property,...
View ArticleCanada doing a lot worse combatting money laundering and drug trafficking...
Canada once again a “Major Money Laundering” country The 2018 “International Narcotics Control Strategy Report” (INCSR) published in March 2018 by the U.S. Department of State identifies Canada once...
View ArticleClik here to view.
Darknet drug trafficker with over $1 million in Bitcoin and Litecoin...
25-year-old Matthew Yensan, from North Carolina, was sentenced to 78 months incarceration today for producing Xanax and Alprazolam, selling them on the darknet and laundering the proceeds of crime...
View Article35 darknet drug traffickers arrested in the US; $20 million in Bitcoin seized
Over 35 people were arrested in a US-wide sweep by the US DOJ, DEA, US Secret Service, ICE, HSI and the FBI agents for selling illegal drugs over the darknet and laundering the proceeds of crime using,...
View ArticleGranny did it –> millions allegedly seized from banks, PayPal and in Bitcoin...
According to a statement by Europol, police in Austria and Spain seized €4.5 million in Bitcoin and IOTA as part of a bust of a transnational criminal organization that manufactured and trafficked LSD...
View ArticleWoman who bought Bitcoin with $300,000 in cash in grocery bags, going to jail...
A woman in California, who admitted operating an unlicensed in-person digital currency exchange where she traded cash for Bitcoin, was sentenced today to 12 months in federal prison, three years of...
View Article23 members of transnational criminal organization arrested for money laundering
Europol announced today that the Spain and Columbia collectively arrested 23 members of an unidentified transnational criminal organization (the “Group”) involved in laundering the proceeds of crime on...
View ArticleClik here to view.
Do foreign digital currency exchanges taking US customers online have to be...
Do foreign digital currency exchanges that take US customers online have to be AML registered in the US? Not unsurprisingly, the answer is yes. Under US law, digital currency exchangers qualify as...
View Article
