US indicts two Chinese foreign nationals for operating criminal enterprise, international money laundering and selling fentanyl

The US Attorney General, Jeff Sessions, announced the unsealing of a 43-count indictment against two foreign nationals from China for allegedly manufacturing, advertising, selling and shipping fentanyl, carfentanil and other deadly drugs to several countries including the US and Canada, which resulted in the deaths of American citizens. They are also charged with operating a [...]

Another Bitcoin exchange owner murdered – Bitcoin exchange owner in Vancouver, Canada, identified by the police as a drug trafficker and member of organized crime, killed in Mexico

Another Bitcoin exchange owner murdered A Bitcoin exchange owner, Giuseppe Bugge, was murdered in Guadalajara, Mexico, last week, possibly by a Mexican drug cartel. Bugge was ambushed by eight to ten men and over-killed with 140 bullets from AK-47 and AR-15 assault guns. Bugge operated a Bitcoin exchange called GS Crypto Currency Ltd. in Vancouver, Canada, [...]

Another Canadian in Bitcoin, who was the 3rd largest fentanyl dealer, indicted by US in Operation Darkness Falls

Operation Darkness Falls nets Canadian fentanyl dealer The US DoJ, Department of Homeland Security, the FBI, the US Postal Service and DEA announced several arrests in Operation Darkness Falls, an international operation that sought to ferret out the identities of people selling illegal drugs, especially fentanyl, on the darknet that accepted Bitcoin and other digital currencies [...]

Bitcoin programmer and seller indicted in US for money laundering

A Bitcoin seller was arrested in the US on Friday and charged with 31 offences including international money laundering, operating an illegal digital currency exchange, failing to have an anti-money laundering program in place and structuring transactions. 21-year-old Jacob Campos was a developer at Edge Wallet and a Bitcoin trader who sold Bitcoin in the [...]

China seizes $1.5 million in Bitcoin from wallets used for illegal online gambling

The police from Guangdong province in China arrested more than 540 people in mid-July and seized more than $1.5 million in Bitcoin associated with illegal online gambling. Police also took offline more than 70 gambling apps and websites and shut down 250 chats for online gambling. In addition, $39 million in assets have been seized [...]

Do foreign digital currency exchanges taking US customers online have to be AML registered in the US?

Do foreign digital currency exchanges that take US customers online have to be AML registered in the US? Not unsurprisingly, the answer is yes. Under US law, digital currency ​exchangers​ qualify as money transmitters and are subject to the obligations under the Bank Secrecy Act. Key concepts to know are that: An exchanger is a person engaged [...]

US indicts 12 Russian nationals for money laundering and hacking

The US has indicted 12 Russian foreign nationals for hacking, conspiracy and money laundering for allegedly interfering with the 2016 US presidential election. According to the indictment, Russia operated an intelligence agency called GRU which obtained confidential documents from the Clinton campaign systems by hacking and systematically released them to sway public opinion. According to [...]

清华大学计划将区块链技术应用于文物保护

By Tongtong Xu 作为中国最高学府之一的清华大学日前递交了一项关于将区块链技术应用于文物保护的专利申请。 根据在4月递交,今天得到披露的专利,三位教员一同研发了一个区块链技术的系统概念,目的是储存并分享有重要意义的文物的数字版本。作为发明者的谭嘉嘉(音译)和陆小步(音译)向大家解释了这个系统的两个重要组成部分。 第一部分包括一个可以对重要文物进行扫描的3D计算模型,目的是在扫描之后能为储存提供一个数字范围的表格。在第二步中,该系统将每一项物品的数据通过一个叫做“Hashing”的加密过程自动储存在私有区块链上。 尽管专利申请并没有直接解释关于他们会如何开发该私有区块链的各方细节,发明者表明说初阶段的探索已在去年四月腾讯发布的区块链平台上进行测试。 See the full patent application below: https://www.scribd.com/document/383768782/Tsinghua-University-Patent#from_embed?campaign=SkimbitLtd&ad_group=100652X1574425X38331168130bda0dedb41cbaf98a34f5&keyword=660149026&source=hp_affiliate&medium=affiliate

23 members of transnational criminal organization arrested for money laundering

Europol announced today that the Spain and Columbia collectively arrested 23 members of an unidentified transnational criminal organization (the “Group”) involved in laundering the proceeds of crime on behalf of other unidentified transitional criminal organizations. The Group didn’t launder a lot of money – only €2 million.  The Group allegedly used Bitcoin to launder funds [...]

Woman who bought Bitcoin with $300,000 in cash in grocery bags, going to jail for one year

A woman in California, who admitted operating an unlicensed in-person digital currency exchange where she traded cash for Bitcoin,  was sentenced today to 12 months in federal prison, three years of supervised release, and a fine of US$20,000. Theresa Tetley pled guilty to conducting an illegal business and engaging in unlawful monetary transactions involving Bitcoin, and laundering [...]