Tag: Money

1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme

1.3 Million Leaked Transactions Link Major Banks to .8 Billion Money Laundering Scheme A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out […]

Cryptocurrency Accounts for Less Than 2% of All Japanese Money Laundering Cases

Cryptocurrency Accounts for Less Than 2% of All Japanese Money Laundering Cases Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and […]

Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries

Big Banks Money Laundering: UBS Fined .2 Billion, Danske Shuts Down in 4 Countries Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$ 4.2 billion) for money laundering. Amid a $ 226 billion scandal, […]

Banks are Better than Bitcoin (When It Comes to Money Laundering)

Banks are Better than Bitcoin (When It Comes to Money Laundering) On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $ 90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating […]

Florida Appeals Court Defines Bitcoin as Money as Espinoza Ruling Reversed

Florida Appeals Court Defines Bitcoin as Money as Espinoza Ruling Reversed In 2016, Judge Teresa Mary Pooler of the Eleventh Judicial Circuit of Florida made headlines for a ruling she made during the Michell Espinoza trial. Judge Pooler ruled Espinoza could not be charged with illegal money transmission offenses because […]