Articles with tag like: illegal activities

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Visa warns to discontinue payments services for gambling websites in Germany

News | Online Payments | 29 May 2020

Visa has told all of its banks and payment processor partners in Germany that it will discontinue its payments services to and from illegal online gambling websites.  

Germany, Visa, cards, payments, online gambling, online payments, banks, payment processors, illegal activities, law, regulations, withdrawal, sports betting

Bitfinex aims to recover USD 800 mln in user funds seized by authorities

News | Cryptocurrencies | 04 May 2020

Bitfinex crypto exchange has been trying to recover over USD 800 mln in user funds seized by legal authorities in different states after its payment processor’s bank accounts were frozen.

Bitfinex, Crypto Capital, Tether, cryptocurrency, money laundering, illegal activities, US, funds

Visa, Mastercard, and more reconsider backing Facebooks Libra

News | Cryptocurrencies | 03 Oct 2019

Visa, Mastercard, and other financial partners have reconsidered their involvement to help build and maintain Facebook’s Libra payments network.

Visa, MasterCard, Facebook, Libra, money laundering, illegal activities, regulatory scrutiny, cryptocurrency, digital assets, terrorist financing, regulations, government

Thailand plans to amend crypto AML laws

News | Cryptocurrencies | 06 Aug 2019

Acting Secretary-general of the Thailand Anti-Money Laundering Office (AMLO) has hinted that the regulator is making plans to amend the laws governing cryptos.

Thailand, AML, laws, cryptocurrencies, digital currencies, money laundering, illegal activities, fraud prevention, exchanges, transactions

Exchanges in South Korea announce AML initiative

News | Cryptocurrencies | 28 Jan 2019

Four crypto exchanges in South Korea have announced a joint AML initiative, meant to prevent hackers from trading or swapping cryptos for fiat.

South Korea, exchange, AML, cryptocurrency, wallet, phishing, lending, illegal activities, fraud, security, government, Fiat

Bitcoin ATMs could be money laundering vehicles - Bloomberg report

News | Cryptocurrencies | 19 Dec 2018

Bloomberg has recently released a comprehensive report about how Bitcoin ATMs are being used for money laundering activities.

Bitcoin, money laundering, illegal activities, cryptocurrency, BTM, ATM

Illicit proceeds in Europe laundered through cryptocurrencies

News | Digital Identity, Security & Online Fraud | 14 Feb 2018

Europol estimates that about 3-4% of the GBP 100 billion in illicit proceeds in Europe are laundered through cryptocurrencies.

Europol, cryptocurrency, Bitcoin, money laundering, illegal activities, Europe, money mules