Money Laundering Activities
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UK Says 90 Percent Crypto Firms Applying for Licence Lacks Money Laundering, Fraud Precautions
A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.
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Probe Agency Arrests 2 Linked To Funding Of Hizbul Mujahideen In Jammu And Kashmir
The Enforcement Directorate on Tuesday arrested two persons under the Prevention of Money Laundering Act (PMLA) allegedly linked to the funding of the subversive activities of Pro-Pakistan terrorist organisation Hizbul Mujahideen.
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South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
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"Misusing State Machinery": Probe Agency Opposes Hemant Soren's Bail In Supreme Court
Former Jharkhand chief minister Hemant Soren is actively attempting to subvert the probe into the money laundering case against him by "misusing state machinery", the Enforcement Directorate told the Supreme Court on Monday and opposed
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Bharat Web3 Association Calls for Teamwork in Building Ironclad Anti-Money Laundering Laws
The Bharat Web3 Association (BWA) recently hosted its first ever training and awareness workshop on the Prevention of Money Laundering Act (PMLA). The aim of this meeting was to open dialogues on the steps that could prevent the misuse of cryptocurrencies for unlawful activities like money laundering and terror financing.
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Will End "Draconian" Anti-Terror, Anti-Corruption Laws: CPI(M) Manifesto
The CPI(M) today released its manifesto for the Lok Sabha elections, promising to scrap "draconian" laws such as the Unlawful Activities (Prevention) Act and the Prevention of Money Laundering Act (PMLA).
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KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says
KuCoin has been charged by US prosecutors along with two of its founders for failing to comply with US anti-money laundering rules. One of the world's largest cryptocurrency exchanges, KuCoin was established in 201. It has now been charged with “wilfully failing” to establish and maintain a program to keep the platform from being used for illic...
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2 More Arrested By Probe Agency In Mahadev Betting App Case
In a significant development in the Mahadev betting app case, the Enforcement Directorate (ED) has made two more arrests, further intensifying its probe into the alleged money laundering and illicit activities associated with the app.
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India's MoS IT Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle
Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...
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Probe Agency Files Supplementary Chargesheet In Case Against Banned Group PFI
The Enforcement Directorate has filed a supplementary charge sheet against an accused in a money laundering case related to alleged terrorist activities also involving the banned outfit Popular Front of India (PFI).
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Metaverse Crimes Catches Interpol’s Attention, Here’s What We Know
The International Criminal Police Organisation (ICPO), also dubbed Interpol, is concerned about criminal activities picking pace in the metaverse. These crimes include phishing, money laundering, sexual harassment, data theft, and counterfeiting. Jurgen Stock, the secretary general of the Interpol believes that the agency must be well-trained to de...
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Money Laundering Info Can't Be Sought From Organisations Exempt Under RTI
The Delhi High court recently said that the information relating to money laundering business, hawala money transactions, acts of tax evasion and smuggling activities do not relate to corruption or human rights violations.
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Separatist Shabir Shah's J&K House Attached In Terror Funding Case
The Enforcement Directorate on Friday said it has attached Jammu and Kashmir separatist Shabir Ahmad Shah's Srinagar house as part of a money laundering probe linked to a case of fuelling terrorist activities in the union territory.
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97 Percent of Crypto Hacks in 2022 Have Targetted DeFi Projects, Reveals Chainalysis Study
Chainalysis, a blockchain analytics firm, has released a new report focusing on illicit activity on blockchains, noting that DeFi protocols are a popular target for hackers and that money laundering in the sector has increased in the last two years.
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New York Resident Charged for Running $2.7 Million 'Cash-to-Bitcoin' Money Laundering Scam
A New York-based individual has been indicted for allegedly running a "cash-to-Bitcoin" money-laundering scheme that he openly bragged about on social media, assisting clients involved in a host of illegal activities including drug trade.
-
UK Says 90 Percent Crypto Firms Applying for Licence Lacks Money Laundering, Fraud Precautions
A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.
-
Probe Agency Arrests 2 Linked To Funding Of Hizbul Mujahideen In Jammu And Kashmir
The Enforcement Directorate on Tuesday arrested two persons under the Prevention of Money Laundering Act (PMLA) allegedly linked to the funding of the subversive activities of Pro-Pakistan terrorist organisation Hizbul Mujahideen.
-
South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
-
"Misusing State Machinery": Probe Agency Opposes Hemant Soren's Bail In Supreme Court
Former Jharkhand chief minister Hemant Soren is actively attempting to subvert the probe into the money laundering case against him by "misusing state machinery", the Enforcement Directorate told the Supreme Court on Monday and opposed
-
Bharat Web3 Association Calls for Teamwork in Building Ironclad Anti-Money Laundering Laws
The Bharat Web3 Association (BWA) recently hosted its first ever training and awareness workshop on the Prevention of Money Laundering Act (PMLA). The aim of this meeting was to open dialogues on the steps that could prevent the misuse of cryptocurrencies for unlawful activities like money laundering and terror financing.
-
Will End "Draconian" Anti-Terror, Anti-Corruption Laws: CPI(M) Manifesto
The CPI(M) today released its manifesto for the Lok Sabha elections, promising to scrap "draconian" laws such as the Unlawful Activities (Prevention) Act and the Prevention of Money Laundering Act (PMLA).
-
KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says
KuCoin has been charged by US prosecutors along with two of its founders for failing to comply with US anti-money laundering rules. One of the world's largest cryptocurrency exchanges, KuCoin was established in 201. It has now been charged with “wilfully failing” to establish and maintain a program to keep the platform from being used for illic...
-
2 More Arrested By Probe Agency In Mahadev Betting App Case
In a significant development in the Mahadev betting app case, the Enforcement Directorate (ED) has made two more arrests, further intensifying its probe into the alleged money laundering and illicit activities associated with the app.
-
India's MoS IT Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle
Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...
-
Probe Agency Files Supplementary Chargesheet In Case Against Banned Group PFI
The Enforcement Directorate has filed a supplementary charge sheet against an accused in a money laundering case related to alleged terrorist activities also involving the banned outfit Popular Front of India (PFI).
-
Metaverse Crimes Catches Interpol’s Attention, Here’s What We Know
The International Criminal Police Organisation (ICPO), also dubbed Interpol, is concerned about criminal activities picking pace in the metaverse. These crimes include phishing, money laundering, sexual harassment, data theft, and counterfeiting. Jurgen Stock, the secretary general of the Interpol believes that the agency must be well-trained to de...
-
Money Laundering Info Can't Be Sought From Organisations Exempt Under RTI
The Delhi High court recently said that the information relating to money laundering business, hawala money transactions, acts of tax evasion and smuggling activities do not relate to corruption or human rights violations.
-
Separatist Shabir Shah's J&K House Attached In Terror Funding Case
The Enforcement Directorate on Friday said it has attached Jammu and Kashmir separatist Shabir Ahmad Shah's Srinagar house as part of a money laundering probe linked to a case of fuelling terrorist activities in the union territory.
-
97 Percent of Crypto Hacks in 2022 Have Targetted DeFi Projects, Reveals Chainalysis Study
Chainalysis, a blockchain analytics firm, has released a new report focusing on illicit activity on blockchains, noting that DeFi protocols are a popular target for hackers and that money laundering in the sector has increased in the last two years.
-
New York Resident Charged for Running $2.7 Million 'Cash-to-Bitcoin' Money Laundering Scam
A New York-based individual has been indicted for allegedly running a "cash-to-Bitcoin" money-laundering scheme that he openly bragged about on social media, assisting clients involved in a host of illegal activities including drug trade.
