Cryptocurrency exchange eXch announced its closure on May 1st, following allegations that it was involved in laundering funds from a Bybit security breach. The platform’s management team voted […]
eXch Exchange Closes Amid Money Laundering Allegations
The cryptocurrency exchange eXch has announced its closure, effective May 1, 2025. This decision follows serious allegations that link the platform to money laundering activities potentially involving North […]
Crypto Exchange eXch Cedes to Pressure, Shutting Down Amid Money Laundering Allegations
Cryptocurrency exchange eXch has announced its closure effective May 1st after being implicated in a money laundering scheme linked to the Bybit hack. The exchange cites ongoing legal […]
Anchorage Digital Bank Under Investigation by U.S. Homeland Security Task Force
Anchorage Digital Bank is facing an investigation led by the U.S. Department of Homeland Security’s El Dorado task force, a unit focused on international money laundering and financial […]
Binance CEO Defends Against Money Laundering Allegations
Binance CEO Changpeng Zhao has refuted allegations of money laundering, emphasizing the company’s robust compliance measures and global adherence to regulations. The statements come amidst heightened scrutiny from […]
Block Inc. Faces $40 Million Penalty for Bitcoin Transaction Oversight Failures
Financial authorities in New York have levied a substantial $40 million penalty on fintech company Block, better known as the creator of Cash App, due to inadequate oversight […]
TD Bank Pays $3.1 Billion Over Money Laundering Violations
Toronto-Dominion Bank (TD) has agreed to pay a record $3.1 billion penalty for failing to prevent money laundering activities. The largest BSA penalty ever, the fine stems from […]
TD Bank Pays $3.1B to Settle Money Laundering Case
Toronto-Dominion Bank has agreed to a $3.1 billion settlement with U.S. regulators over significant shortcomings in its anti-money laundering compliance program. This landmark agreement marks the bank’s largest […]
Revolut Faces €3.5 Million Fine for Money Laundering Violations
The Lithuanian banking regulator has fined Revolut €3.5 million due to regulatory failings in its money laundering controls. This maximum penalty was imposed following a review of the […]
Revolut Faces €3.5 Million Fine in Lithuania for Money Laundering Violations
The Lithuanian financial regulator has fined British fintech giant Revolut €3.5 million as a result of significant failures in its money laundering controls. This penalty, the maximum allowed […]
OKX Fined $1.2 Million for AML Violations in Malta
The Financial Intelligence Analysis Unit (FIAU) of Malta has imposed a €1.1 million ($1.2 million) penalty on OKX cryptocurrency exchange for serious anti-money laundering violations. The fine stems […]
OKX Faces Financial Penalties for Money Laundering Lapses Across Multiple Jurisdictions
Crypto exchange OKX has found itself entangled in legal and regulatory scrutiny, facing multiple fines from various authorities. The latest incident involves Malta’s Financial Intelligence Analysis Unit (FIAU), […]
Australian Regulator Warns Crypto ATM Operators of Money Laundering Risks
The Australian Financial Intelligence Agency (AUSTRAC) has issued a warning regarding potential money laundering and fraudulent activity linked to crypto ATMs. The agency’s recent analysis has identified suspicious […]
Australia Warns Cryptocurrency ATM Providers Over Money Laundering Concerns
Australia’s financial crime regulator, AUSTRAC, has issued a warning to cryptocurrency ATM providers, highlighting potential risks of money laundering and fraud. The agency’s investigation reveals suspicious activities associated […]
Trump Grants Pardons to BitMEX Co-founders, Clearing Their Names
Three BitMEX co-founders—Arthur Hayes, Benjamin Delo, and Samuel Reed—and former business development chief Gregory Dwyer have been pardoned by President Trump after facing charges related to money laundering. […]