Money Laundering

Highlights: US prosecutors are seeking a 5-year prison term for Ilya Lichtenstein in the Bitfinex hack case. Authorities have identified Bitfinex as the sole victim of the 2016 crypto heist. Sentencing for Lichtenstein and Heather Morgan is set for November […]

Highlights: Tigran Gambaryan’s bail was denied despite his legal team’s claims of urgent medical needs. The US government is advocating for Gambaryan’s release on humanitarian grounds, citing health concerns. Nigerian courts argue that Kuje Prison can manage Gambaryan’s health despite […]

Highlights: Evan Light pleaded guilty to stealing over $37 million in cryptocurrency from nearly 600 victims. The DOJ and FBI are dedicated to prosecuting cybercriminals despite their attempts to hide. Light faces up to 20 years in prison for each […]

Highlights: Tornado Cash co-founder will face trial after judge rejects his claim that coding is protected free speech. Roman Storm could face up to 45 years in prison if convicted on all charges related to Tornado Cash. The judge ruled […]

Highlights: U.S. authorities charged two Russian nationals for laundering money and evading sanctions through crypto. They also seized websites linked to three illegal cryptocurrency exchanges. The Justice Department’s actions signal a strong push against cyber-enabled financial crimes. On September 26, […]

Highlights: The Swedish Police Authority has accused crypto exchanges of money laundering. According to the FIU, some unregistered crypto exchanges are operating as PMLs. The financial regulatory body divided the PMLs into four categories, citing some distinct characteristics. The Swedish […]

Highlights: Germany seized 47 crypto exchanges for violating anti-money laundering regulations. The operators are accused of concealing the origins of criminally obtained funds on a large scale. The crackdown aligns with Germany’s broader strategy to combat cybercrime and strengthen regulations. […]

Argentina introduces a comprehensive fiscal package with tax rules targeting crypto traders over capital gains. The proposed law supports a regulatory framework that counters illegal crypto activities, including money laundering and other risks. On July 17, the Argentine government signed […]

Bill Guan, the Epoch Times’ Chief Financial Officer, was arrested by the U.S. Department of Justice (DoJ) on charges related to money laundering and bank fraud schemes. Guan is accused of laundering $67 million through the use of cryptocurrency. The […]

According to a Bloomberg report on May 24, the Southwark Crown Court in London, UK, sentenced a woman to prison for laundering Bitcoin (BTC) linked to a $5.4 billion fraud scheme. Criminal Activities Jian Wen, 42, with both Chinese and […]