moneylaundering

📅 November 26 | New York, USA
A corporate earthquake has hit World Liberty, one of the fastest-growing groups in the crypto-finance ecosystem in recent years. What seemed like a solid, modern, and expanding conglomerate now faces internal investigations, abrupt layoffs, and the reputational impact of a money laundering conviction in Rwanda involving one of its former executives.

📖According to The Block, World Liberty—a firm that manages investments and treasuries linked to the crypto sector—is facing an internal collapse of trust. The company initiated internal investigations, forced reorganizations, and layoffs that affected even high-level employees.
Tensions exploded after one of its former executives was convicted of money laundering in Rwanda, involved in a scheme that allegedly funneled funds through a complex financial network. Although World Liberty asserted that this individual was no longer with the company, the reputational damage was immediate.
Internal reports indicate an atmosphere of turmoil, chaos, and disarray within the organization:
Teams clashing over financial decisions.Disputes over the management of crypto treasuries.Doubts about internal controls and governance.A leadership that, according to current and former employees, is “losing control.”
One of the most critical issues is the handling of the crypto-treasury, a key and sensitive department. Several employees reported questionable decisions, a lack of communication, and tensions arising from alleged fund movements that were not properly documented. This led to part of the team being separated from the company, while internal investigators review recent transactions.
The report also mentions that the atmosphere became so toxic that some employees decided to resign voluntarily, noting that the company had gone from meteoric growth to an environment of corporate paranoia where everyone suspected everyone else.
Although World Liberty is trying to project an image of stability, sources indicate that the chaos is far from over. And with authorities in several countries now interested in reviewing financial connections, the company could face months—or years—of scrutiny.

Topic Opinion:
A lack of controls, the pressure to expand, and the temptation to push the boundaries can ultimately derail even enormous organizations. I wouldn't be surprised if this case uncovers even deeper problems and that other firms in the sector are going through similar storms.
💬 Do you think we're facing another "FTX moment," or just an internal crisis that will soon blow over?

Leave your comment...
#WorldLiberty #CryptoTreasury #WLFI #MoneyLaundering #CryptoNews $WLFI

​У справі, що викликала значний резонанс у світі криптовалют, засновника компанії Virtual Assets звинуватили у відмиванні понад $10 мільйонів через цифрові активи. Прокуратура стверджує, що ці кошти були отримані незаконним шляхом, а потім "відмиті" за допомогою складних криптовалютних транзакцій, щоб приховати їхнє походження. Ця подія підкреслює зростаючу увагу правоохоронних органів до незаконного використання криптовалют та необхідність посилення регулювання у цій сфері.
​Ця справа є черговим нагадуванням про те, що, незважаючи на децентралізований характер криптовалют, вони не є повністю анонімними, і транзакції можуть бути відстежені. Розслідування таких злочинів стає все більш складним, оскільки зловмисники використовують різноманітні методи для приховування слідів. Однак, правоохоронні органи вдосконалюють свої інструменти та методи для боротьби з кіберзлочинністю та фінансовими махінаціями.
​Цей випадок може посилити тиск на регулятори з метою впровадження більш суворих правил "Знай свого клієнта" (KYC) та боротьби з відмиванням грошей (AML) у криптовалютному просторі. Це також може вплинути на сприйняття інвесторами та громадськістю легітимності та безпеки цифрових активів.
​Підпишіться на #MiningUpdates , щоб бути в курсі останніх новин!
​#CryptoCrime #VirtualAssetsBill #MoneyLaundering #cryptocurrency #LegalNews #BlockchainSecurity

On the last day of September, an unusual smuggling attempt was foiled at the Gongbei Port of Entry. A Macau resident, known only by his surname Chen, was apprehended by customs officials for attempting to clandestinely carry $210,000 across the border. His actions were flagged as suspicious when he tried to pass through the "no declaration" lane without proper checks.

Chen ingeniously used a backpack positioned over his stomach to obscure the bundles of cash strapped to his body. Customs officers, sensing something amiss, conducted a thorough examination and discovered 21 bundles of U.S. dollars enveloped in plastic wrap and tightly secured with elastic bandages around his abdomen and inner thighs. The cash totaled to an equivalent of about 1.47 million RMB.

Under Chinese customs law, any individual must declare cash amounts exceeding 22,000 RMB or its foreign equivalent exceeding $5,500 upon entering or exiting the nation. Chen's failure to declare his cargo could lead to significant legal repercussions. This regulation is part of stringent measures aimed at controlling financial movements, especially targeting frequent travelers and those with multiple entries and exits within brief periods.

The incident quickly captured the attention of online communities, sparking a mix of criticism and humor. One user remarked critically, "Such a glaring oversight cannot simply be brushed off," while another quipped humorously, "Did he really think wrapping it up would render it invisible?"

Stay updated with more stories and analysis by following us. Your engagement drives our coverage. Thank you for the support and remember to always do your own research.

#SmugglingScandal #takemoney #moneylaundering #BTCReboundsAfterFOMC #WeAreAllSatoshi

🔍 Key Details:

💱 Allegations: TikTok’s virtual currency system, where users buy coins and creators cash out, is being compared to a crypto exchange.

🕵️‍♂️ Under Investigation: UK’s Financial Conduct Authority (FCA) is urged to audit TikTok for potential money laundering risks and financial irregularities.

📉 Global Scrutiny: TikTok also faces investigations in Australia for similar concerns, adding to its legal challenges worldwide.

⚖️ Potential Consequences: If found non-compliant, TikTok could face heavy regulatory actions and stricter financial oversight.

Stay tuned for updates on this evolving story! 📰🔥

#MemeCoinTrending #BTCSoarsTo68K #moneylaundering #cryptoexchange

Crypto firms have to do checks on transactions of 1,000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.Policymakers in the European Union on Wednesday reached a provisional deal on parts of a comprehensive regulatory package to combat money laundering that will force all crypto firms to run due diligence on their customers.The Anti-Money Laundering Regulation (AMLR) is a broad-stroke effort to combat sanctions evasion and money laundering. It includes the creation of a single rulebook and sets up a supervisory authority that will also have purview over the crypto sector.The European Parliament and Council (which gathers finance ministers from the bloc's 27 member states) have agreed to measures, including for crypto firms to apply "customer due diligence measures when carrying out transactions amounting to €1,000 ($1,090) or more."The deal also adds measures to mitigate risks in relation to transactions with self-hosted wallets, Wednesday's announcement said.The EU last year finalized specific AML checks on crypto fund-transfers alongside its landmark Markets in Crypto Assets (MiCA) regulation. In December, the European Parliament and Council agreed on setting up the AML supervisory authority. Wednesday's agreement specifically concerned the EU's sixth money-laundering directive and the rulebook as part of the AMLR.The package may have got tougher as it went through the EU's complex legislative process in light of U.S. sanctions against crypto anonymizing tool Tornado Cash, as well as fears that crypto was being used to evade sanctions by Russia and even Hamas. A lawmaker leading the discussions on the package in Parliament last year assured the measures won't seek to outlaw privacy-enhancing crypto.Industry body, the EU Crypto Initiative, urged lawmakers in May 2023 to remove planned restrictions on privacy-preservation tools or, failing that, to include a "clear delineation between prohibited anonymous high-risk accounts and high-risk anonymizing instruments.""This agreement is part and parcel of the EU’s new anti-money laundering system. It will improve the way national systems against money laundering and terrorist financing are organized and work together. This will ensure that fraudsters, organized crime and terrorists will have no space left for legitimizing their proceeds through the financial system," Belgian Minister of Finance, Vincent Van Peteghem, said in a press statement.#eu #cryptonews #moneylaundering #TrendingTopic #MANTA

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched a major crackdown on crypto exchanges and remittance providers that fail to comply with anti-money laundering laws. The regulatory agency has warned that companies not meeting their obligations could face serious consequences.
📢 “Businesses in this sector that fail to meet their obligations can expect to hear from us,” warned AUSTRAC CEO Brendan Thomas.
Crackdown on Dozens of Crypto Firms – 9 Registrations Revoked ⚖️🔍
According to AUSTRAC’s official press release, the agency is investigating more than 50 providers and has already taken action against 13 of them.
📌 Key Actions by AUSTRAC:
🔹 9 providers had their registrations revoked, suspended, or not renewed due to non-compliance with anti-money laundering and counter-terrorism financing laws.
🔹 2 additional providers are under strict conditions – failing to meet these could lead to suspension or full cancellation of their licenses.
📊 This is part of a year-long investigation into companies suspected of failing to detect or report suspicious transactions.
AUSTRAC in Action: Charges and Exchange Closures 🚔🔎
The investigation has led to criminal charges against key figures from the following companies:
⚖️ Auaisa Trading Pty Ltd
⚖️ Amco Traveling and Exchange Pty Ltd
⚖️ B-Paywize Pty Ltd
Meanwhile, Jinte Net Blockchain Pty Ltd and DIGI-SEND E-Money Pty Ltd no longer require registration, as they have ceased crypto-related operations.
FTX Express and Zipmex Australia Removed from Register ❌📉
AUSTRAC has also delisted two well-known crypto exchanges from its digital currency register:
🔹 FTX Express
🔹 Zipmex Australia
📢 Reason? Both companies have filed for bankruptcy and are no longer operational in Australia.
AUSTRAC Tightens Crypto Exchange Oversight 🔥🛑
According to AUSTRAC, a significant portion of financial crime is linked to crypto exchanges failing to properly detect suspicious transactions.
📌 What’s Next for AUSTRAC?
✅ Since January, it has sent compliance warnings to 106 companies.
✅ With a dedicated crypto task force, AUSTRAC is now overseeing 417 registered exchanges in Australia.
💬 Brendan Thomas added:
📢 “We will continue to monitor the market and take action against those who fail to meet regulatory requirements.”
What Does This Crackdown Mean for the Crypto Industry in Australia? 🇦🇺💡
Australia is making it clear that crypto regulations are tightening and authorities are ready to take tough action against non-compliant firms.
🚀 Is this a step toward a safer market, or is it excessive regulation? What do you think? Share your thoughts in the comments! ⬇️

#CryptoRegulation , #MoneyLaundering , #blockchain , #CryptoNewsCommunity , #CryptoExchange

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Two men who exploited the chaos of the war in Ukraine for personal gain have been sentenced in the UK to 13 years in prison each, after laundering over $7.3 million through cryptocurrency.

💰 Exploiting Ukraine's Demand for Trucks and Supplies
Valeriy Popovych (52) and Vitaliy Lutsak (43) were part of a criminal network that purchased vehicles and equipment allegedly destined for Ukraine, using proceeds from illegal activities. These transactions were disguised as legitimate trade, but in reality, it was a large-scale crypto money laundering operation.
The two were found guilty on April 7 at Wood Green Crown Court following a five-week trial.

🏠 London Property and Millions in Crypto Wallets
Part of the laundered funds was used to purchase a luxury home in London worth over $1.2 million. During the investigation, British police uncovered that the gang channeled more than $14 million in crypto through digital wallets, stored on personal computers to conceal the origin of the funds.
A third suspect, Valeriy’s wife Oksana Popovych (42), is scheduled to be sentenced on May 30. A fourth member, Semen Kuksov, was already jailed in February for over five years.

⚖️ Crypto Loopholes Enabled a Shadow Business
Authorities confirmed the gang took full advantage of the lack of cryptocurrency regulation, which allowed them to move illicit funds with ease and build a multi-million-dollar operation in just over a year.
Investigators revealed the group not only laundered criminal proceeds but also ran an unregistered money services business, breaching UK financial laws.

🗣️ Police: They Turned War into a Business Model
Lead investigator Harry Davies of the Metropolitan Police said:
“Mr. Popovych presented himself as a hardworking, legitimate truck dealer. In reality, he ruthlessly saw the Ukraine conflict as a lucrative opportunity for profit.”

Special Crown Prosecutor Negeen Momtahen added:
“Money laundering is not a victimless crime. It enables criminals to continue harming lives. This conviction shows that crime in the crypto world won't go unpunished.”

Summary: Crypto, War, and Greed Collide
At a time when the world watches Ukraine suffer, this group created a profitable shadow operation—using crypto and fake legitimacy. But UK authorities sent a strong message: Money laundering won’t be tolerated, no matter how deeply it’s buried in the blockchain.

#MoneyLaundering , #CryptoCrime , #CryptoSecurity , #crypto , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In the fast-moving world of cryptocurrencies, Roman Storm, co-founder of Tornado Cash, has become a focal point in the debate over technological innovation, regulation, and financial privacy. Storm is facing charges of money laundering and sanctions violations, part of a broader U.S. government crackdown on privacy-focused crypto tools.
What does this case mean for the future of blockchain innovation? And how might it be affected by Donald Trump's policies, given his stance as a pro-crypto president?
Storm: "This Is a Nightmare No Developer Should Experience"
In an exclusive interview, Storm spoke candidly about his legal battle, which has turned his life upside down:
“The indictment has put me in total limbo. I can’t plan my future—personally or professionally. Every day, I deal with this case, and it's getting harder to support my family,” Storm said.
Storm denies any wrongdoing, insisting he is not a criminal but simply a coder who built neutral technology. He argues that Tornado Cash is merely a privacy tool, which, like many technologies before it, can be misused.
“If we criminalize developers for writing open-source code, where does it stop? Do we start arresting people for creating web browsers because criminals use them for illegal activities?”
His case could have a chilling effect on crypto developers, particularly those working on decentralized applications (dApps), DeFi protocols, and privacy tools. The crypto industry has long maintained that code is a form of free speech, protected under the First Amendment.
Tornado Cash: Privacy Protector or Criminal Tool?
In 2022, the U.S. Treasury Department sanctioned Tornado Cash, citing its use by North Korean hacker group Lazarus to launder stolen funds. However, many argue the platform was designed primarily to protect the privacy of ordinary crypto users, an increasingly rare advantage in a world of mass surveillance.
In 2023, the Federal Reserve Bank of St. Louis published an analysis of Tornado Cash, highlighting a complex dilemma:
“Public blockchains are extremely transparent, creating a legitimate need for privacy tools. At the same time, there is strong evidence that crypto mixers are frequently used for money laundering.”
Trump's Pro-Crypto Stance: A Lifeline for Developers?
During his presidential campaign, Donald Trump strongly supported Bitcoin, promising to reverse anti-crypto regulations. In his first week in office, he signed an executive order on digital assets, appointing David Sacks as his "crypto czar" to oversee a review of crypto policies.
However, Storm’s case raises a critical question: Will Trump's crypto policies extend to protecting developers?
It remains unclear how Trump will address financial privacy issues. While cryptocurrencies and stablecoins may benefit from lighter regulations, privacy-focused tools like Tornado Cash might not receive the same leniency.
Storm’s prosecution began under the Biden administration, but will Trump step in to change the landscape?
Upcoming Trial: A Defining Moment for Crypto Regulations
Storm is set to stand trial in April 2025, a pivotal moment for the future of crypto regulation. His case has gained widespread support from the crypto community:
🔹 The Electronic Frontier Foundation (EFF) filed an amicus brief defending Storm, arguing that his prosecution threatens open-source software developers' rights.
🔹 Paradigm donated $1.25 million to Storm’s legal defense, highlighting growing industry concerns.
Storm’s Legal Team: Fighting a Landmark Case
Storm’s legal defense is led by Brian Klein, a top attorney specializing in crypto and financial regulations. Klein previously represented:
✅ Erik Voorhees (ShapeShift founder) – Negotiated a settlement with the SEC.
✅ Arthur Hayes (BitMEX founder) – Helped reduce his sentence.
✅ Virgil Griffith (Ethereum developer) – Defended him against sanctions violations related to North Korea.
Griffith was ultimately sentenced to five years in prison, but Storm’s case is different—he merely built a protocol that was later misused. This raises fundamental questions about developer liability and intent.
The Future of Crypto: Developer Exodus or Legal Victory?
⚠️ If Storm is convicted, some fear that developers will flee the U.S., pushing crypto innovation overseas.
⚡ If he is acquitted, it would set a crucial precedent affirming that writing open-source code is not a crime.
For now, Storm remains trapped in legal uncertainty, and his case will serve as a litmus test for the future of crypto freedom.
“I just want to build. That’s all I’ve ever done. If we criminalize developers, we’re not just killing crypto—we’re killing the future,” Storm concluded. 🚀

#TornadoCash. , #CryptoSecurity , #MoneyLaundering , #CryptoNewss , #blockchain

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Notice:
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The newly appointed President of Brazil’s Central Bank, Gabriel Galipolo, has raised concerns about the rapid growth of stablecoins in the country, linking them to tax evasion and money laundering. He argues that individuals use stablecoins for cross-border payments, allowing them to avoid taxation and maintain opaque financial transactions.
Stablecoins in Brazil: Investment Tool or Tax Evasion Mechanism?
Galipolo revealed that over 90% of cryptocurrency transactions in Brazil involve stablecoins, which are digital assets pegged to the US dollar.
📊 Initially, the central bank assumed that the popularity of stablecoins was due to their convenience for holding dollars.
💬 “We initially thought it was simply an easier way for people to have dollar accounts,” said Galipolo.
However, this perspective shifted when the bank analyzed whether stablecoins were primarily used for investments or cross-border transactions. The data suggested that a significant portion of stablecoin transactions were linked to illicit activities.
Stablecoins as a Tool for Concealing Transactions
The central bank found that many Brazilians use stablecoins to purchase goods from abroad, particularly for transactions they do not want to declare for tax purposes.
📌 Why are stablecoins a concern?
🔹 They allow transactions outside the traditional banking system.
🔹 They reduce financial oversight, making money laundering easier.
🔹 They facilitate tax evasion by making transactions harder to track.
📢 “Most of these payments are used to buy goods from abroad... and that’s the problem. People use stablecoins because they allow them to bypass tax oversight and conceal financial operations,” Galipolo explained.
Privacy in Crypto? The Central Bank Sees It as a Red Flag
Galipolo also criticized the pursuit of financial privacy, arguing that it is often linked to illegal activities.
🔎 “When people seek financial privacy, it’s usually because they are buying something they don’t want to declare—likely to avoid taxes,” he stated, as cited by Valor Economico.
This stance suggests that Brazil’s Central Bank is likely to tighten regulations on stablecoins to limit their use in undisclosed financial transactions.
Stricter Stablecoin Regulations on the Horizon?
In December 2023, the central bank proposed new rules, which could:
❌ Restrict private ownership of stablecoins for individuals.
❌ Classify stablecoins as foreign currency, making their use and storage more complex.
❌ Limit DeFi activities in Brazil, as many platforms require direct control over digital assets.
If approved, these measures could make Brazil one of the first countries to impose strict regulations on stablecoins in an effort to combat tax evasion and financial crimes.
📢 “Stablecoins pose new challenges for financial oversight, and their unregulated use must be addressed with stricter policies,” Galipolo emphasized.
Conclusion: What’s Next?
✅ Brazil is one of the largest crypto markets in the world, but its central bank warns that stablecoins may be exploited for illicit transactions.
✅ Proposed tighter regulations could impact both individual investors and the broader DeFi ecosystem.
✅ If these policies are enforced, Brazil could become a model for other nations looking to regulate stablecoins more closely.
📢 What do you think about stricter stablecoin regulations? Are they necessary to prevent financial crimes, or are they just another attempt by governments to control digital finance? 💬

#defi , #Stablecoins , #CryptoNewss , #MoneyLaundering , #CryptoMarket

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

When money speak everyone silent 🔕
$BTC $SOL $ETH
#BTCReclaims110K #ETH🔥🔥🔥🔥🔥🔥 #moneypower #StrategicEarning #MoneyLaundering

Turkey is tightening its grip on cryptocurrencies as part of a new crackdown aimed at stopping money laundering linked to illegal betting and fraud schemes. The Ministry of Finance is preparing strict measures that include transfer limits, withdrawal delays, and stricter identity verification rules.

📉 Strict Caps and Fund Monitoring

Under the new plan, stablecoin transfers will be capped at $3,000 per day and $50,000 per month. Only platforms that fully implement the so-called “Travel Rule” — requiring the verification and sharing of sender and recipient information — will be allowed double these limits.

📌 Delayed Withdrawals as a Deterrent

All crypto withdrawals will be delayed by 48 hours, while first-time user withdrawals will be held for up to 72 hours — unless the platform is exempt under the travel rule. This is intended to block the fast movement of illicit funds.

🧾 More Bureaucracy for Better Security

Users will be required to include a transaction note of at least 20 characters with every transfer. Platforms must also maintain detailed records about the source and purpose of each transaction.

💬 Government Warning: Noncompliance Will Be Penalized
Finance Minister Mehmet Şimşek emphasized that platforms failing to comply with the new rules may face not only administrative penalties but also the revocation of licenses and other legal consequences.
“We don’t want to hinder legitimate crypto activities,” Şimşek stated. “Our goal is to limit the misuse of cryptocurrencies for criminal purposes and to build a safer and more transparent environment.”
With this move, Turkey is demonstrating its serious intent to regulate the crypto sector—clearly separating lawful crypto use from criminal activity. The new regulations are expected to take effect very soon.

#crypto , #Regulation , #MoneyLaundering , #CryptoSecurity , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“