Paxful, a Bitcoin exchange, ordered to pay $4 million due to prostitution and money laundering allegations
Simply put Peer-to-peer Bitcoin exchange Paxful was ordered this week to pay a $4 million criminal fine. The company pleaded guilty to charges related to money laundering, fraud, and facilitating transactions connected to prostitution and sex trafficking. Paxful initially accepted that its actions warranted a fine of $112 million, but the Justice Department decreased this […]
Colombian Model Admits to Heading Drug Money Laundering Operation in the U.S.
Colombian Model Pleads Guilty to Money Laundering This week, Colombian model Valentina Forero Alvarez admitted to her role in leading a multistate criminal organization involved in laundering over $31 million tied to drug trafficking through the U.S. financial system. The U.S. Attorney’s Office for the Northern District of Georgia announced that the 33-year-old, originally from […]
Senate aims to combat cartel and terrorist financing with a joint effort to address money laundering.
New Bipartisan Bill Aims to Combat Money Laundering Senate Judiciary Committee Chairman Chuck Grassley and Senator Amy Klobuchar have come together to introduce a new bipartisan bill intended to tackle money laundering effectively. Their proposal, called the Anti-Money Laundering, Terrorist Financing and Counterfeiting Act, was presented on Friday with the goal of enhancing current laws […]
Woman Given Two-Year Prison Sentence for $20 Million Money Laundering Plan
New York Woman Sentenced for Laundering Drug Trafficking Funds On Monday, the Department of Justice sentenced a woman from New York to two years in prison for allegedly laundering over $20 million related to drug trafficking. The DOJ referred to her actions as part of a “Chinese money laundering scheme.” According to the DOJ, Louis […]
Deutsche Bank searched as part of money laundering investigation
January 28, 2026January 28, 2026 Deutsche Bank branch raided in money laundering investigation This morning, police conducted raids at Deutsche Bank, Germany’s largest bank, in connection with a money laundering investigation. The operations occurred at the main office in Frankfurt and at a Berlin branch, just a day ahead of the bank’s anticipated release of […]
ASB acknowledges responsibility for shortcomings in anti-money laundering efforts and could be fined.
Reserve Bank Initiates Legal Action Against ASB Bank The Reserve Bank has initiated proceedings in the High Court against ASB Bank for serious infractions of anti-money laundering laws, with issues dating back to 2019. The bank, which is owned by Australian interests, has acknowledged its fault in seven distinct failures under the Anti-Money Laundering and […]
Oklahoma City BLM leader faces charges of wire fraud and money laundering in a reported $3.15 million embezzlement scheme
Charges Against Black Lives Matter Oklahoma City Director The executive director of Black Lives Matter (BLM) Oklahoma City has been charged with wire fraud and money laundering after federal prosecutors claim she misappropriated over $3.15 million in bail checks intended for the organization’s funds. This indictment was unveiled on Thursday. Tashera Sheri Amore Dickerson, 52, […]
BLM Official in Oklahoma City Faces Charges of Wire Fraud and Money Laundering
Indictment in Oklahoma City for Wire Fraud and Money Laundering A federal grand jury in Oklahoma City has indicted Tashera Sheri Amore Dickerson on charges related to wire fraud and money laundering, according to U.S. Attorney Robert J. Troster. Deputy Attorney General Todd Blanche emphasized the Justice Department’s commitment to addressing misconduct within the Black […]
Former Obama DEA Official Charged with Laundering Money for Mexican Drug Cartel
Former DEA Official Indicted for Drug-Related Crimes The Justice Department has revealed that a former high-ranking Drug Enforcement Administration (DEA) official, who retired towards the end of the Obama administration, is facing multiple charges. These include conspiracy to commit narcoterrorism, money laundering, and conspiracy to distribute cocaine. This announcement came from DEA Administrator Terrence C. […]
European police close down cryptocurrency mixer that facilitated the laundering of 1.3 billion euros.
Europol Closes Cryptocurrency Laundering Service Cryptomixer A group of law enforcement agencies led by Europol revealed on Monday that they have shut down the cryptocurrency laundering service known as Cryptomixer. According to a press release from Europol, Cryptomixer was described as “the platform of choice for cybercriminals looking to launder illegal gains from various criminal […]