Anti-Money Laundering (AML)

Roman Sterlingov, founder of the Bitcoin Fog crypto mixer, was sentenced to 12.5 years in prison for laundering over $400 million linked to illegal activities. He was also ordered to forfeit $395.5 million and his share in a Bitcoin wallet holding 1,345 BTC, worth over $103 million.

The US DOJ has charged Maximiliano Pilipis, the operator of crypto exchange AurumXchange, with money laundering and tax offenses. Alongside laundering allegations, Pilipis faces charges for failing to file tax returns on income earned in 2019 and 2020.

ESMA plans to propose mandatory external audits of crypto companies' cybersecurity following a $1.5 billion theft in early 2024, an 84% rise from 2023, to strengthen defenses and protect users.

TikTok is under UK scrutiny for allegedly operating as an unlicensed crypto exchange, raising concerns about financial regulation. This mirrors recent actions against platforms like Telegram, sparking questions about whether more social media apps will face similar scrutiny.

Ripple's new crypto custody services aim to provide secure storage solutions for banks and fintechs, with the firm expanding its business amid growing competition from established custody providers.

The UNODC report highlights the growing use of cryptocurrency and AI by organised crime groups in Southeast Asia, emphasising the challenges governments face in containing the situation.

Olumide Osunkoy faces prosecution on multiple charges related to the operation of crypto ATMs across the UK. He could spend up to 26 years in jail if convicted of all charges.

U.S. authorities charge two Russian citizens for operating a cryptocurrency money laundering service, announcing a $10 million bounty for information on them, amid ongoing efforts to combat cybercrime linked to Russia.

Binance founder CZ will be released today, 27 September, two days ahead of schedule, due to his release date falling on a weekend. Will this trigger a rise in BNB’s price?

Sweden's authorities are cracking down on unlicensed cryptocurrency exchanges involved in organised crime and money laundering. They are also targeting Bitcoin mining operations, uncovering 90 million SEK in unpaid taxes from 18 firms.