Search Results for: money laundering
Investment fraud led to the loss of more than £2.8m of investors’ money
September 10th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform about FCA’s second largest ever criminal prosecution and most complex fraud investigations. Operation Tidworth was ...
Bitcoin and digital money ‘here to stay’ despite concerns
February 7th, 2018
This week Lloyds and Virgin Money stopped customers using credit cards to buy cryptocurrencies, amid concerns they could run up too much debt. It comes as the value of Bitcoin and other cryptocurrencies fell after a year when prices ...
Federal Judge Rules Bitcoin is Money in US Trial
September 20th, 2016
A federal judge in New York has ruled that bitcoin constitutes a form of money. The ruling comes from the ongoing case involving the now-defunct Florida bitcoin exchange Coin.mx and one of its former operators, Anthony Murgio. Murgio, who was indicted ...
A Miami judge rules that bitcoin isn’t money
July 26th, 2016
Sorry bitcoiners, the US court system doesn’t think your digital currency is real money. At least, Miami-Dade circuit court judge Teresa Mary Pooler doesn’t. Yesterday (July 25), Pooler handed down a verdict in the first money-laundering case in the ...
Is Bitcoin money?
June 30th, 2016
Is Bitcoin actually money? American Banker reports a Florida circuit court judge will rule on the question Friday (July 1) as part of a “first-of-its-kind money-laundering case.” The report says Michel Espinoza was arrested at a Miami Beach motel in February ...
US arrests Panama’s Nidal Waked, accused of laundering Colombian and Mexican drug cash
May 6th, 2016
Authorities have arrested a prominent Panama businessman and dismantled an empire of banking, real estate and retail businesses that the U.S. says were part of a top worldwide money-laundering organization for drug traffickers. The coordinated operation was announced Thursday ...
Japan eyes treating bitcoins the same as real money
February 24th, 2016
Japanese financial regulators have proposed handling virtual currencies as methods of payment equivalent to conventional currencies, a step that would strengthen consumer protection and spur growth in the virtual economy. The Financial Services Agency’s legislative revisions would recognize bitcoins ...
HSBC Sued Over Drug Cartel Murders After Laundering Probe
February 10th, 2016
Civil action claims traffickers committed terrorist acts Bank accused of aiding and abetting Sinaloa, other cartels Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths ...
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
Bitcoin trader admits unlicensed money transfers
September 5th, 2014
The operator of an exchange for the virtual currency Bitcoin has pleaded guilty to running an unlicensed money transmitting business. Charlie Shrem from BitInstant.com admitted the charges in a New York federal court hearing. Another Bitcoin trader, Robert Faiella, ...
