Property prices. Are they finally bringing the money-laundering laws they promised 17 years ago? Or will lawyers, accountants and property developers lobby them out of it? Patreon: https://www.patreon.com/TheWestReport Merch: https://lonelykidsclub.com/new/michael+west Facebook: https://www.facebook.com/michaelwest.journo Insta: https://www.instagram.com/michaelwestjourno/ Sources: https://michaelwest.com.au/australia-money-laundering-to-keep-driving-up-real-estate/...
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 […]
Tigran Gambaryan faces allegations of ‘serious criminality’ on behalf of world’s largest cryptocurrency exchangeA Nigerian court has ruled that Tigran Gambaryan, the Binance executive detained on charges of tax evasion and money laundering, can face trial on behalf of the world’s largest cryptocurrency exchange.In a judgment in Abuja on Friday – Gambaryan’s 40th birthday – the presiding judge, Emeka Nwite, denied the American national bail, saying he was likely to abscond. Continue reading
Alexey Pertsev, Tornado Cash developer, found guilty of laundering $1.2B in the Netherlands. Despite Tornado Cash being non-custodial, Pertsev sentenced to over 5 years in prison. Verdict sparks debate on accountability of open-source developers in crypto space. Alexey Pertsev, the founder of the cryptocurrency mixing protocol Tornado Cash, has been convicted of money laundering by […]
Two Chinese nationals have been charged with leading a scheme to launder proceeds from cryptocurrency investment scams. The indictment, unsealed in the Central District of California Thursday (May 16), names two individuals who have been arrested: Daren Li, a dual citizen of China and St. Kitts and Nevis, and Yicheng Zhang, a Chinese national, the […]
Deputy foreign secretary urges Cayman and British Virgin Islands to implement UK law requiring public registers of fundsNearly 40% of the dirty money in the world is going through the City of London and other crown dependencies, the UK’s deputy foreign secretary has said.Andrew Mitchell added the crown dependencies and overseas territories will face fresh demands from the Foreign Office to comply with UK laws setting up public registers of beneficial share ownership. Continue reading
"Crackdown on money launderers!" they cried. But are laws promised 17 years ago to stop lawyers, accountants and property developers from laundering money any closer?
The driver was brought to a halt on the M61
The 70-year-old was on Tuesday asked to depose at the central agency’s office to record his statement under the Prevention of Money Laundering Act.
The Oost-Brabant district court in the Netherlands has sentenced Alexey Pertsev, co-developer of Tornado Cash, to 64 months in prison for his involvement in creating and maintaining the crypto mixing tool. The court alleges that Tornado Cash enables “criminal activity and terrorism.” Pertsev, along with two other individuals, developed Tornado Cash, a tool for concealing […]
India's Financial Intelligence Unit (FIU) has operationalised an advanced 2.0 version of its information technology system, armed with artificial intelligence and machine learning tools, to check money laundering and terrorist financing crimes in the country's economic channels. The upgrade of the technological backbone was required as the volume of data (suspicious transaction reports) flagged by banks and various other financial institutions to the FIU for analysis and further dissemination to...
A former top executive at Las Vegas Strip casinos has been sentenced to a year of probation after pleading guilty to violating federal anti-money laundering rules