Monthly Archive: July 2017

Russian Bitcoin Exchange “Mastermind” Arrested for Alleged Money Laundering

On Tuesday, Alexander Vinnik, a Russian citizen suspected of leading a money laundering operation, was arrested in Greece for accumulating more than $4 billion (£3 billion) of bitcoin without following anti-money laundering (AML) protocols and regulations, and allegedly laundering those… Read more >

AML Compliance Gets Serious In the EU

The European Union is becoming more strict about enforcement of anti-money laundering (AML) laws and regulations utilizing its new directive (AMLD4) to manage risks of money laundering, crime organizations, and terrorism especially in areas of high vulnerability such as crowdfunding… Read more >

International Effort Launched to Tackle Grand Corruption

The International Anti-Corruption Coordination Centre (IACCC) will be launching a multinational effort to combat grand corruption which can include bribery of public officials, embezzlement, abuse of power and money laundering of profit from illegal activity. At the time of the… Read more >

Israelis Suspected of Bribery and Money Laundering in “Submarine Affair”

An investigation by the Israeli police began in November 2016 regarding the possibility of a €430 million (USD $480 million) bribery scheme involving German shipbuilder ThyssenKrupp. Accusations were made that Prime Minister Benjamin Netanyahu’s private lawyer and second cousin, David… Read more >