money laundering

Money laundering is the process of concealing the origins of money obtained through illegal activities, typically by transferring it through complex sequences of banking transactions or legitimate businesses, so that the funds appear to come from a lawful source.
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  1. Samourai Wallet Developer Gets Five-Year Prison Sentence

    Samourai Wallet Developer Gets Five-Year Prison Sentence

    Samourai Wallet Developer Gets Five-Year Prison Sentence Keonne Rodriguez, developer and co-founder of the privacy-focused Bitcoin wallet Samourai, has been sentenced to five years in federal prison for operating an unlicensed money transmission business that processed over $237 million in...
  2. France Launches Investigation into Binance and 100 Crypto Firms

    France Launches Investigation into Binance and 100 Crypto Firms

    French Authorities Launch Investigation into Binance and 100 Crypto Firms The French financial intelligence unit TRACFIN has initiated a large-scale investigation into Binance and more than 100 cryptocurrency companies suspected of money laundering and AML non-compliance. The inquiry marks one...
  3. US Justice Department Seizes $15 Billion in Bitcoin in Record Crypto Confiscation

    US Justice Department Seizes $15 Billion in Bitcoin in Record Crypto Confiscation

    US Justice Department Seizes $15 Billion in Bitcoin — Largest Crypto Confiscation in History In what officials describe as the largest cryptocurrency confiscation ever, the US Department of Justice has seized 127,271 bitcoins — valued at roughly $15 billion — from businessman Chen Zhi. The dual...
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