Tag: money laundering

A Binance Executive on the Run: Nigeria Seeks Extradition from Kenya

Nigerian authorities and Interpol have located Binance executive Nadeem Arjarwalla in Kenya, and extradition proceedings have been initiated. Arjarwalla's escape on a Kenyan...

Thailand Strengthens Digital Asset Regulation Through Collaborative Efforts

Thailand blocks access to unauthorized cryptocurrency platforms, supports law enforcement efforts against cybercrimes. Ministry of Digital Economy and Society directs Thai SEC to...

Samourai Wallet Founders Charged: Privacy, Regulation, and Cryptocurrency

Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill are arrested and charged with conspiracy to commit money laundering. The indictment alleges that...

Nigeria charges Binance Executive with tax evasion after Kenyan executive flees custody

Nadeem Anjarwalla, a Binance executive, escaped custody in Nigeria amid an investigation into Binance for allegations including crypto crime and tax evasion. Nigerian...

South Africa’s Model: A Blueprint for Crypto Regulation in Africa

South Africa's approach to crypto regulation can be summed up through the popular saying: "Start where you are, use what you have, do...

Breaking: SA issues first-ever crypto licences to 59 firms

South Africa's FSCA crypto licenses were granted to 59 cryptocurrency firms. In August 2022, the SARB laid down guidelines for financial institutions...

Blockchain Analytics and Crypto Compliance: Insights from the Copper Technologies Affair

Copper Technologies transferred digital assets worth over $4.2 million to a wallet associated with Jonatan Zimenkov. The UK's recent adoption of the "travel...

Tether Faces Allegations of Fueling Illicit Activities: A Deep Dive into the UN Report

Tether, touted as the world's leading stablecoin, finds itself at the epicentre of a disturbing surge in illegal activities, as underscored by the...

Brazil’s New Law on Overseas Holdings Takes Effect in 2024

Brazilian President Lula da Silva signed a law imposing taxes on cryptocurrency assets held abroad by citizens, effective January 1, 2024. The legislation...

Reopening Pandora’s Box: SEC Launches Another Kraken Laws

The US SEC accused Kraken of operating as an unregistered exchange, broker, dealer, and clearing agency. The first Kraken lawsuit occurred around Q3...

Impact of Changpeng Zhao Guilty Plea on the Future of Centralized Exchanges

Changpeng Zhao has agreed to step down after pleading guilty to breaking US AML laws as part of a $4.3 billion settlement. ...

Access Bank’s Freeze on Crypto Trader Accounts Sparks Controversy

Access Bank has obtained a court order to freeze all crypto trading accounts for investigations. Digital asset fraud is common today, with...

Cryptocurrencies in Africa: Balancing Anti money laundering ventures and financial inclusion

The decentralized nature of cryptocurrencies presents unique challenges, particularly the potential of money laundering involving cryptocurrencies in Africa. To strike a balance between...