Nordea in Money Laundering Scandal After Calling Bitcoin ‘High-Risk’ for Money Laundering

Nordic banking giant Nordea Bank is allegedly implicated in a multi-million money laundering scandal. Reportedly, the case is related to another recent money laundering scheme involving Denmark’s Danske Bank. Nordea in Hot Water  Banking giant Nordea Bank, headquartered in Helsinki, is alleged to have accepted criminally-sourced funds from banks located in Lithuania and Estonia. The […]

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Europol Takes Down Major Bitcoin Money Laundering Network

Adam James · April 11, 2018 · 12:30 am European law enforcement agency Europol has taken down a criminal network allegedly using cryptocurrency to launder drug money. Tulipan Blanca On Monday, the European Union Agency for Law Enforcement Cooperation (Europol) announced that it had arrested 11 people and identified 137 suspects potentially involved in a […]

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Embezzled PayPal Funds Laundered into Bitcoins via Online Game

Jeff Francis · April 7, 2018 · 1:30 pm Law enforcement in the UK confiscated almost 10 bitcoins from a PayPal scammer who laundered his embezzled loot through the Second Life online game. Far too often, the media and traditional financial institutions love to paint Bitcoin and other cryptocurrencies as being commonly used by criminals. […]

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Half of Coincheck’s Stolen NEM May Already be Laundered

Adam James · March 19, 2018 · 9:30 am Hackers involved in the high-profile Coincheck heist earlier this year may have successfully converted half of the stolen NEM tokens into other digital currencies. Hung out to Dry As reported by Japan Today, hackers involved in the large-scale Coincheck heist may have utilized the anonymous “dark […]

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