PYMNTS

MAY 29, 2020

Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce. Meanwhile, money laundering represented $2.8

Bitcoin 74

Bitcoin Wire Transfer ACH Network Money Laundering 74

PYMNTS

MARCH 7, 2019

In other news, blockchain security company CipherTrace revealed details of the first Canadian court case to use a bitcoin expert witness. As a result, the Ontario Attorney General is seeking to confiscate 288 bitcoins. “As The auditing giant used data from the U.S. billion coming from the SamSam attack.

Bitcoin 59

Bitcoin Ransomware Law Enforcement Blockchain 59

PYMNTS

MARCH 31, 2017

Combating Bad Bitcoins. Anti-money laundering and blockchain analysis software developer Chainalysis and Danish electronic payments provider Nets are teaming up to create solutions for Nordic banks that will validate bitcoin transactions and help financial institutions comply with regulations.

Bitcoin 42

Bitcoin Ransomware Cybersecurity Money Laundering 42

PYMNTS

AUGUST 18, 2020

The platform said that “suspicious activity” that its Sentry workforce found and examined in conjunction with Ukraine’s Cyber Police brought about the identification and detention of a purported cybercriminal group behind alleged ransomware activities and laundering of over $42 million in digital currencies during the past two years. “We

Blockchain 56

Blockchain Money Laundering Bitcoin Digital Currency 56

PYMNTS

JULY 16, 2019

In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”. They have a lot of work to do,” he said, according to CNBC.

Treasury 75

Treasury Security Money Laundering Cryptocurrency 75

PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime.

Money Laundering 86

Money Laundering Crime AML Cryptocurrency 86

PYMNTS

JUNE 19, 2017

With many cybercriminals choosing bitcoin as their currency of choice, the U.S. Of course, from Coinbase’s perspective, allowing those transactions could violate regulations designed to prevent money laundering and criminal activity.

Regulations 75

Regulations Bitcoin Money Laundering FBI 75

PYMNTS

APRIL 22, 2016

In this case, they were that, and at the end of that trail, we even found a few bitcoin. The link is a little circuitous since there was a bribery scheme in the mix, wrapped around some good, old-fashioned money laundering, which is, of course, how bitcoin comes into play. In other bitcoin news….

Bitcoin 42

Bitcoin Credit Union Money Laundering Identity Theft 42

PYMNTS

JANUARY 31, 2020

And finally, there’s bitcoin, which has seen its use, transacting, trading and popularity fall off of late — except for among one group: criminals. And, speaking of things that may not be the future of financial services… Bitcoin, The Currency Of Digital Crime . But that future won’t be built by bitcoin.

Bitcoin 40

Bitcoin PayPal Payments Cross-Border 40

PYMNTS

OCTOBER 18, 2019

Thus, for criminals, at times bitcoin and other cryptos are a conduit to money laundering, ransomware and, at times, just trying to hide in plain sight. In news at the end of this week, the largest child pornography site in the world has been shuttered — and had operated across the Dark Web, funded by bitcoin.

IRS 41

IRS Law Enforcement Bitcoin Money Laundering 41

PYMNTS

MAY 22, 2017

The ransomware attack affected a range of players, including delivery services like FedEx, automakers including Renault and Nissan, transportation operations such as Germany’s Deutsche Bahn and even medical systems such as the U.K.’s To date, more than $80,000 in bitcoin payments have been made so users could access their files again.

Regulations 46

Regulations Authentication Ransomware Money Laundering 46

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack; the theft of $81 million from Bangladesh Bank in 2016; the 2014 attack on Sony Pictures Entertainment ; and numerous other attacks on the entertainment, financial services, defense, technology, and virtual currency industries, as well as academia and electric utilities. Bitcoin Role.

SWIFT 63

SWIFT Bitcoin Payments Database 63

PYMNTS

JUNE 17, 2016

A few years ago Silicon Valley visionaries were sure that bitcoin was going to transform financial services. On January 21, 2014 Marc Andreessen explained , “why bitcoin has so many Silicon Valley programmers and entrepreneurs lathered up” and compared it to the “Internet in 1993.” Again, it hasn’t worked out.

Bitcoin 45

Bitcoin Blockchain Online and Mobile Banking Caps 45

PYMNTS

MARCH 4, 2019

Bitcoin has had its ups and downs over the last few weeks. According to MarketWatch , a single bitcoin on Monday was selling for $3,714.60, down 1.9 Crypto Analyst Willy Woo explained that, since it is currently a bear market, bitcoin’s value could decline even further. million coming from SamSam ransomware.

Bitcoin 52

Bitcoin Ransomware Money Laundering Facilitators 52

PYMNTS

MAY 15, 2017

The massive wave of crypto-ransomware cyberattacks now reported to have hit more than 200,000 computers in 150 countries shouldn’t be just another “look at how smart and cunning and horrible those cybercriminals are” headline. That means bitcoin. What Does Any of This Have To Do With Bitcoin? Who Is Frances Kelsey?

Bitcoin 62

Bitcoin Ransomware Multi-Currency Regulations 62

PYMNTS

AUGUST 22, 2016

He says that the only people who use $100 bills and £500 notes are drug dealers, money launderers and human traffickers. Reality Check: Bitcoin Is For Criminals. If Professor Rogoff wants to know what’s the currency of the big-time criminal today, it’s not cash, it’s bitcoin. Why bitcoin?

Checks 41

Checks CFPB Bitcoin Payments 41

Finovate

JANUARY 17, 2024

With apologies to Dr. Dre … the spot Bitcoin ETFs are here and everybody’s celebratin’! This week on Tales from the Crypto we’re taking a look at the launch and reception of the long-awaited spot bitcoin ETFs. Spot Bitcoin ETFs Have Arrived! The new bitcoin ETFs and their ticker symbols are below.

Bitcoin 59

Bitcoin Stablecoins Cryptocurrency Issuers 59

PYMNTS

JANUARY 1, 2021

Elsewhere in the cryptocurrency world, some leading industry players are fighting a federal move to expand anti-money-laundering regulations that have applied to banks handling cash since 1970 to exchanges handling cryptocurrency, Cryptonews and other media outlets report. If the U.S.

Bitcoin 80

Bitcoin Cryptocurrency OFAC Treasury 80

PYMNTS

JULY 3, 2017

Discussion topics on the Hill this year ranged from APIs and same-day ACH to bitcoin and banking marijuana sales. People had a lot of questions about “bitcoin,” which Sullivan said many are using as shorthand to refer to distributed ledger technology in general. Clarifying Legality and Enforcement Action Reasoning Act, a.k.a.

NACHA 45

NACHA Faster Payments Same Day ACH ACH 45