Tag: financial crimes
SBF’s Fall From Crypto King to Convict: The $11 Billion FTX Fraud Case
On 28 March 2024, the U.S. Department of Justice (DOJ) announced that Samuel Bankman-Fried (aka “SBF”), a co-founder of the cryptocurrency exchange FTX and...
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KuCoin and Founders Face US Prosecution over Alleged AML Violations
US federal prosecutors announced charges against crypto
exchange KuCoin and two of its founders for allegedly violating anti-money
laundering (AML) laws today (Tuesday). According to the...
KuCoin Crypto Exchange Accused Of Anti-Money Laundering Violations By U.S. Authorities – CryptoInfoNet
U.S. federal prosecutors have charged the crypto exchange KuCoin and two of its founders with violating anti-money laundering laws. The prosecutors stated that KuCoin...
EU Bans Wallets; ETH a Security? What a week!
Hello hello, and welcome to another exciting crypto news round-up brought to you by Coinigy.We thought last week's round-up couldn’t be any more dramatic…...
Nigeria Charges Binance for Tax Evasion
The authorities in Nigeria have charged Binance and its two detained executives with four counts of tax evasion, multiple local media houses reported today...
Detained Binance executive escapes from Nigerian custody amid tax evasion charges
Binance confirmed to CryptoSlate that Nadeem Anjarwalla, one of its executives detained by the Nigerian authorities, has escaped custody.A Binance spokesperson said:“We were made...
EU Enacts Ban On Unverified Self-Hosted Crypto Wallets – CryptoInfoNet
The European Union (EU) has implemented a ban on crypto transactions made through non-custodial wallets that have not been verified. This is part of...
Nigerian High Court Orders Binance to Comply with EFCC Data Request Amidst Money Laundering Concerns
Binance must supply Nigerian user data to the EFCC as the Nigerian High Court cites money laundering risks, highlighting crypto's impact on the naira's...
Key Points | Mar. 20, 2024 | Biggest Single Day Loss in Crypto Since FTX | BitPinas
Welcome to BitPinas Key Points: Easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours...
Financial crime prevention: Credit provider’s cutting-edge approaches
Credit providers understand the critical challenge with the rise of complex financial crimes, from cyber theft to money laundering. Criminals are using advanced technologies—the...
Binance to Discontinue All Nigerian Naira (NGN) Services
Binance has officially announced its move to discontinue all services relating to the Nigerian Naira (NGN) on its trading platform.
Binance, the world’s largest cryptocurrency...
Binance Halts Nigerian Naira Transactions, Compliance Concerns Intensify
Binance has announced its plans to halt its services involving the Nigerian Naira (NGN) due to heightened regulatory attention from authorities in Nigeria.
The crypto...
Binance Ends Services for Nigerian Naira
Binance announces the discontinuation of all services tied to the Nigerian Naira (NGN) as it navigates the evolving regulatory landscape.
Binance, the world's leading...