Browsing Tag

money laundering

US and Mexico will seek to prevent financial crimes

U.S. Treasury Department officials from two key offices involved in the fight against fentanyl and its financing traveled to Mexico last week. The objective was to meet with counterparts from the Mexican government and representatives from…

Binance will face the SEC again

The world of digital currencies experienced a significant turnaround as Binance, one of the largest cryptocurrency exchanges, will face the United States Securities and Exchange Commission (SEC) in a court hearing on Monday, January 22.…

EU to strengthen anti-money laundering rules

In a landmark agreement, the countries of the European Union and the European Chamber have joined forces to strengthen their regulations in the fight against money laundering and the financing of terrorism. This pact involves an extension…

Sam Bankman-Fried will not have a second trial

Sam Bankman-Fried, the controversial founder of cryptocurrency exchange platform FTX, will not face a second trial in the United States, prosecutors confirmed last Friday. After being found guilty last month of defrauding FTX users,…

Venezuelan arrested in Spain for cybercrimes

In an operation carried out by the Spanish National Police in Alicante, a Venezuelan citizen was arrested as the leader of the financial apparatus of the 'Kelvin Security', one of the most prominent hacker groups worldwide. This group has…

Judge accepted Changpeng Zhao’s guilt

At a recent hearing in Seattle District Court, Judge Richard Jones upheld the guilty plea of Changpeng "CZ" Zhao, the founder of Binance, on money laundering charges. Although the $4.3 billion deal between his exchange and U.S. authorities…

Changpeng Zhao resigns as CEO of Binance

Binance CEO Changpeng Zhao agreed with the Treasury Department and the US Commodity Futures Trading Commission to resign and plead guilty to several crimes. According to The Wall Street Journal, the agreement between the parties “includes…