[ad_1] It’s not clear what level of punishment authorities want if Harmon is found guilty. However, the charges of money laundering conspiracy, running an unlicensed money transmitting business and sending money without a DC license could add up to a significant amount of time behind bars. A charge for an unlicensed money transmitting business carries […]
Category: money laundering
US says digital assets are covered by money laundering and disclosure laws
[ad_1] US regulators issued a blunt warning to cryptocurrency holders who think they're not beholden to the usual rules. The Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network have put… [ad_2] Source link
UK police auction TalkTalk hacker’s cryptocurrency
[ad_1] This is believed to be the first auction of this kind by UK police. The money raised will go toward fighting crime. It’s also meant to show that there’s no place to hide criminal assets, one officer said. This isn’t Gunton’s first run-in with the law. He played a key role in the 2015 […]
US Treasury has ‘serious concerns’ Libra could be used for terrorism
[ad_1] According to Mnuchin, the US has been at the forefront of regulating entities that provide cryptocurrencies. It has also seen cryptocurrencies exploited to support illicit activities including cyber crime, tax evasion, extortion, ransomware, human trafficking and more. Still, Mnuchin said the US “welcomes responsible innovation, including new technologies that may improve the efficiency of […]
Silk Road 2 founder sentenced five years after the site was shut down
[ad_1] In 2013, the FBI seized Silk Road, a notorious online marketplace that offered anonymous drug and gun sales. Its creator Ross Ulbricht was later sentenced to life in prison. White reportedly launched Silk Road 2 almost immediately after the original site came down, but by the time the feds shut it down, he had […]