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Russian-Swedish national Roman Sterlingov was convicted by a federal jury in Washington, D.C., for operating Bitcoin Fog between 2011 and 2021. Bitcoin Fog was one of the longest-running cryptocurrency "Tumblers" on the dark web, which cybercriminals from multiple darknet marketplaces used to launder their criminal proceeds.
The Financial Transactions and Reports Analysis Centre of Canada has announced that a "Cyber incident" forced it to take its corporate systems offline as a precaution. FINTRAC is a government agency in Canada that operates as the country's financial intelligence unit.
Cybercriminals are using a network of hired money mules in India using an Android-based application to orchestrate a massive money laundering scheme. The malicious application, called XHelper, is...
A 42-year-old Belarusian and Cypriot national with alleged connections to the now-defunct cryptocurrency exchange BTC-e is facing charges related to money laundering and operating an unlicensed...
Aliaksandr Klimenka, a Belarusian and Cypriot national, has been indicted in the U.S. for his involvement in an international cybercrime money laundering operation. The U.S. DoJ alleged back then that the platform was used to launder funds stolen during the hack of Japanese crypto exchange platform Mt. Gox, as well as ransom payments for the Locky, Cerber, NotPetya, WannaCry, and Spora ransomware operations.
Nigerian man Olugbenga Lawal was sentenced on Monday to 10 years and one month in prison for conspiring to launder millions stolen from elderly victims in internet fraud schemes. Lawal worked directly with the Nigeria-based leader of the Nigerian Black Axe organized crime group, one of the world's most dangerous crime syndicates, which he was also a member of.
The Russian founder of the now-defunct Bitzlato cryptocurrency exchange has pleaded guilty, nearly 11 months after he was arrested in Miami earlier this year. Anatoly Legkodymov (aka Anatolii...
When managing anti-money laundering obligations, many challenger banks turn to basic or unproven in-house risk management solutions. Although these solutions can, in some ways, be innovative, they are often built quickly and lack thorough testing, leading to potential vulnerabilities.
The business offered cash for Bitcoin and vice versa, with Randol collecting a commission on the payouts. Randol provided cryptocurrency exchange services in various ways, including via the post, ATMs, and occasionally in person, prosecutors told a Los Angeles federal court on Tuesday.