Largest Private Bank in Russia Launders $9 Billion While Bitcoin Remains Focus of Regulators

Largest Private Bank in Russia Launders $9 Billion While Bitcoin Remains Focus of Regulators

A $9 billion scam via money laundering was discovered by a group of journalists recently. This scam, with roots in the largest private bank in Russia, includes no involvement of Bitcoin. The scam allowed the criminals to move billions from its shell businesses and into the global financial system. It was revealed by the Organized … Continue reading Largest Private Bank in Russia Launders $9 Billion While Bitcoin Remains Focus of Regulators

Traditional Banks Continue to Excel at Money Laundering, Another Major Bank Ordered Closed

Traditional Banks Continue to Excel at Money Laundering, Another Major Bank Ordered Closed

A common misconception regarding cryptocurrencies is that they are ”only used by criminals”. Moreover, cryptocurrencies are often accused of being vehicles for money laundering. Estonian bank ordered closed as money laundering investigation continues Although any technology can be used for malicious purposes, money laundering is, in fact, a far greater problem for traditional banks using … Continue reading Traditional Banks Continue to Excel at Money Laundering, Another Major Bank Ordered Closed