Tweet The US Attorney for the Northern District of California, on behalf of the US Treasury, has filed a civil complaint against the Bitcoin exchange known as BTC-e and one of its alleged owners / officers, Alexander Vinnik, to enforce over $100 million in monetary penalties for a series of anti-money laundering law violations. BTC-e […]
Tweet Canada now has its first official drug kingpin and its a company in Ontario. The US Department of the Treasury’s Office of Foreign Assets Control yesterday designated a Canadian company as part of a significant foreign money laundering organization and drug trafficking organization. The Kingpin Act is used for the most serious of designations and […]
Tweet Bitcoin investor, Michael Terpin, won a US$75.8 million civil judgment on Friday in California against 21-year-old Nicholas Truglia who SIM-swapped Terpin’s cellular phone and stole over US$23 million from Terpin’s digital currency wallets that held coins from three ICOs. In all, Truglia is alleged to have stolen over US$81 million in crypto currencies via […]
Tweet The US Department of Justice for the Western District of Pennsylvania announced the unsealing of a federal indictment in Pennsylvania of two Israeli men who are alleged to be the co-owners and administrators of the website Deep Dot, which charges them with conspiracy to commit money laundering in association with that website. The site […]
Tweet World leader in organized crime communications was launched in Canada A Vancouver company, called Phantom Secure, a little over a year ago, was the world leader in providing illegal encrypted communication services for the top international drug traffickers in the world. But perhaps no more. On March 8, 2018, the CEO of Phantom Secure, a […]
Tweet Updated 2019-04-14 Another Iranian in Canada alleged to owe millions to Iran Marjan Sheikholeslami, an Iranian foreign national, now living in Toronto, Canada, is alleged to have played a major part of a financial crime case with an Iranian petroleum executive, Reza Hamzehlou, and is on trial in absentia in Iran for disrupting Iran’s […]
Tweet Canada once again a Major Money Laundering country The 2019 International Narcotics Control Strategy Report (INCSR) published on Friday by the U.S. Department of State identifies Canada once again as a major money laundering country along with a host of risky countries for financial crime. A major money laundering country is one whose banks […]
Tweet Vancouver’s James Ellingson A Vancouver man, James Ellingson, is the subject of an extradition request by the Southern District of New York (“SDNY“), based on charges that include money laundering and narcotics importation. Ellingson was arrested in Vancouver on October 29, 2018, under an Extradition Act provisional warrant. According to the SDNY, Ellingson sold drugs on […]
Tweet Artificial intelligence is having a significant positive impact on the ability of law enforcement to identify criminals and to detect and investigate crime. In the process, it is changing the face of policing. Early AI in Money Laundering AI in law enforcement is not new. Two areas where AI was used early on in law enforcement […]
Concerns mount over Bitcoin and digital currencies being used in Iran for sanctions avoidance.