India investigates Binance’s WazirX over crypto transactions
India’s financial crime-fighting agency said on Friday that WazirX, one of the country's largest cryptocurrency exchanges and its directors, were under investigation for suspected violation of foreign exchange regulations.
The investigation comes at time when the Indian government is mulling...
DOJ reclaims majority of ransom paid to Colonial Pipeline hackers
The Justice Department, in conjunction with other federal authorities, on Monday said that the majority of the ransom Colonial Pipeline Co. paid to hackers last month has been recaptured.
During a news conference, Deputy U.S. Attorney General Lisa Monaco said...
How criminals are laundering cryptocurrencies
In the world of online crime, anonymous cryptocurrencies are the payment method of choice. But at some point, virtual hauls need to be turned into hard cash. Enter the “Treasure Men”.
Finding a Treasure Man is easy if you know...
UK banks suspend payments to cryptocurrency exchanges
Banks are cracking down on transfers to cryptocurrency exchanges by suspending payments to the sector amid rising fears that it has become a hotbed for financial crime.
Customers of banks including Barclays, Monzo and Starling are among those to have...
Ericsson agrees $97million settlement with Nokia in bribery probe
Ericsson has agreed to pay Nokia EUR 80 million (roughly $97 million) for a damages claim related to bribery and corruption investigations previously settled with U.S. authorities.
In 2019 Ericsson was fined more than $1 billion to resolve separate but related cases...
U.S DoJ, IRS probe crypto exchange Binance over crypto crimes
Binance Holdings Ltd. is under investigation by the Justice Department and Internal Revenue Service, ensnaring the world’s biggest cryptocurrency exchange in U.S. efforts to root out illicit activity that’s thrived in the red-hot but mostly unregulated market.
As part of...
German regulator orders N26 to fix money-laundering controls
Germany’s financial regulator has told N26 Bank GmbH, a hot digital startup with operations in Europe and the U.S., to implement proper controls to prevent money laundering, taking the unusual step of appointing a special monitor to watch over...
U.S. arrests alleged ‘Bitcoin Fog’ operator for money laundering
U.S. officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a federal court filing.
Sterlingov, a citizen of Russia and Sweden, was detained in Los Angeles on money-laundering related charges.
Bitcoin...
Former Netflix executive convicted for accepting bribes to approve contracts
A federal jury found a former Netflix executive guilty Friday of receiving lucrative stock options and more than a half-million dollars in bribes and kickbacks from tech companies to approve contracts with the streaming giant.
Michael Kail, 49, is a former Netflix...
Another Turkish cryptocurrency exchange collapse amid crackdown
A second cryptocurrency exchange has collapsed in Turkey amid a crackdown on the industry.
The platform, Vebitcoin, said in a brief statement on its website that it has ceased all activities after facing financial strain and that it would update clients on...