Anti-money laundering, terrorism get budget boost
by @MichaelWestBiz
@MichaelWestBiz— Australia is at risk of becoming a money laundering haven, the attorney general says, with the federal government to allocate $170 million of budget funding for regulators to stamp out the practice. Lawyers, accountants, trust service providers, precious stone dealers and real estate agents may soon need to do due diligence on customers and report […]
The Next Web—Tornado Cash dev Alexey Pertsev gets 5 years prison-time for money laundering. Alexey Pertsev, the developer behind crypto mixer Tornado Cash, has been found guilty of money laundering by a Dutch court in ‘s-Hertogenbosch. Pertsev, was first imprisoned in the Netherlands, where he had been residing, in August 2022 on charges of money laundering worth of $1.2bn in cryptocurrency. He was released in April 2023 and remained under house arrest pending his trial in March this year — the verdict of which was announced today. Pertsev’s arrest in the Netherlands came...
LASVEGASNOW—Former Las Vegas casino executive gets a year’s probation in bookmaking money laundering case. LOS ANGELES (AP) — A former top executive for major Las Vegas casinos was given a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash. Scott Sibella pleaded guilty in January to violating federal anti-money laundering rules that []
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