2 arrested for allegedly laundering over $73 million in cryptocurrency scams – KTLA Los Angeles
Two people, including a Los Angeles County resident, have been arrested on suspicion of laundering more than $73 million through cryptocurrency fraud. The suspects were identified as Yicheng Zhang, 38, of Temple City, and Darren Li, 41, a dual citizen of China and St. Kitts and Nevis, according to the U.S. Attorney’s Office. The two […]
TD worst-case scenario more likely after drug money laundering allegations: analyst – Yahoo Canada Finance
TORONTO — TD Bank Group could face stiffer penalties than previously expected after reports that the investigation it faces in the U.S. is related to laundering of illegal fentanyl profits, a banking analyst said. He said he could be fined. National Bank analyst Gabriel Deschaine said Thursday’s Wall Street Journal report on the link forced […]
Chinese money laundering criminals team up with Mexican cartels to menace US, officials warn Congress
Drug Enforcement Administration (DEA) and Treasury Department officials this week warned members of Congress about the growing threat from Chinese money laundering. At a hearing on Capitol Hill on Tuesday, U.S. senators discussed the amount of money coming into the U.S. through illicit means linked to China and how that money leaves Mexico for illegal […]
Crypto forensics firm Elliptic using advances in AI to detect bitcoin money laundering – The Block
Technology • May 1, 2024, 9:16am EDT issued 1 minute ago upon Blockchain forensics firm Elliptic said it has made advances in the use of artificial intelligence to detect Bitcoin money laundering. The company said in a statement that it is using this advancement to enhance Elliptic’s detection tools and details that work in a […]
Missouri Police Officer Who Ran Anti-Crime Charity Indicted In $300,000 Fraud, Laundering Scheme
A Missouri police officer, Aaron Wayne McKie, 46, was indicted Tuesday for allegedly diverting over $300,000 in charitable donations he oversaw for personal use, Fox 4 reported. A federal grand jury indicted McKie with 14 counts of wire fraud and two counts of money laundering in an initially sealed case revealed after his arrest Friday, […]
Ex-Binance CEO Changpeng Zhao faces 3 years for money laundering
Former crypto tycoon Chao Changpeng could soon be in the same cell as FTX fraudster Sam Bankman Freed, and if federal authorities have their way, it could be the same for three years. US prosecutors recommend a sentence of 36 months in prison for the disgraced Binance chief after the founder of the world’s largest […]
Nigeria Binance dispute: Cryptocurrency official denies money laundering – BBC.com
Written by Nkechi Ogbonna BBC News, Lagos April 8, 2024, 18:07 BST Updated 58 minutes ago image source, Getty Images image caption, Tigran Gambariyan has been detained in Nigeria since February. An executive at cryptocurrency company Binance has pleaded not guilty to money laundering charges in a Nigerian court. Tigran Gambariyan, a US citizen, was […]
Brazil Charges Jair Bolsonaro’s Youngest Son with Money Laundering
brazil newspaper Oh Globo revealed On Wednesday, the country’s prosecutors announced they were pursuing Jair Renan Bolsonaro, 25, the youngest son of the former president with the same name, on charges of money laundering and fraud. A lawyer for the young Bolsonaro appeared to admit the charges in a statement to the newspaper. Globo– The […]
Meet Adam Schiff, Who Looks Away from the Deadly Fentanyl Crisis in his Backyard While Taking Donations from Money Laundering Operators Tied to the Drug Trade
Rep. Adam Schiff (D-Calif.), who has been noticeably absent from the national discussion on fentanyl, has “financial ties to individuals involved in criminal networks in Southern California, many of whom are involved in money laundering.” and drug trafficking.”Peter Schweitzer’s new book Blood Money: Why those in power turn a blind eye while China kills Americans. […]
UAE, other countries removed from international money laundering watchlist
The international watchdog said on Friday it would remove the United Arab Emirates from its so-called gray list of countries that do not take adequate measures to combat money laundering and terrorist financing. The announcement was made by the Paris-based Financial Action Task Force after a meeting in the French capital. The FATF welcomed “significant […]