Government objects to ‘unnecessary,’ ‘prejudicial’ SBF jury selection questions
The U.S. attorney sees no reason for potential jurors to discuss effective altruism or ADHD, among other things, before trying SBF. Go to Source
Money Laundering
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OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering
Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme. Go to Source
Tornado Cash co-founder pleads not guilty to all charges: Report
Roman Storm, facing charges related to his role in helping create crypto mixer Tornado Cash, has been free on bail following his arrest by U.S. authorities in August. Go to Source
Tornado Cash co-founders charged with money laundering, sanctions violations
Roman Semenov was placed on OFAC’s sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer. Go to Source
US lawmakers urge White House to address North Korea’s use of digital assets: Report
Senator Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July. Go to Source Powered by WPeMatico
Individual charged with money laundering admits to hacking Bitfinex in 2016: Report
The identity of the hacker or hackers behind an exploit which removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3. Go to Source Powered by WPeMatico
Namibia signs crypto exchange regulation bill into law
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance. Go to Source Powered by WPeMatico
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors. Go to Source Powered by WPeMatico
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go. Go to Source Powered by WPeMatico
Google launches ‘Anti Money Laundering AI’ after successful HSBC trial
Google claims the new tools are far more efficient than traditional rules-based approaches at detecting money laundering at scale. Go to Source Powered by WPeMatico
