US prosecutors charged KuCoin, one of the world’s largest cryptocurrency exchanges, and two of its founders for failing to comply with American anti-money laundering rules. Since KuCoin’s inception in September 2017, the exchange “willfully failed” to establish and maintain a program to keep the platform from being used for illicit…
Prosecutors say Riad Salameh, the bank’s governor from 1993 to 2023, is being investigated for money laundering and other crimes. Prosecutors in Germany have confirmed they are investigating Lebanon’s former central bank chief for money laundering and other crimes and have issued an arrest warrant for him. Riad Salameh, the…
A mysterious source of electoral funding, which has generated hundreds of millions of dollars in revenues for the ruling Bharatiya Janata Party (BJP), is under scrutiny in India after the country’s top court found in November that they “put a premium on opacity” and can be “misused for money laundering”….
South Korea, despite its relatively pro-crypto stance, is trying to regulate the ways its residents interact and engage with virtual currencies. The Financial Services Commission (FSC) of South Korea is proposing to ban the purchase of cryptocurrencies via credit cards. The aim is to keep reducing the margin for notorious…
Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday. “In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere….
Cryptocurrencies have often come into the limelight for becoming a tool for criminals who wish to engage in financial frauds. In Australia, the federal police have formed a new unit whose one-track job would be to sniff out illicit money transfers happening through crypto assets. The new unit is being…
Vivo India directors Zhengshen Ou and Zhang Jie left the country as the Enforcement Directorate intensified its inquiry into the money laundering case against the Chinese firm, said sources. The information comes a day after the agency carried out searches at 40 locations in connection with the case. The federal…
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