money laundering
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The Justice Department Has a New Team of Crypto Cops
The U.S. Justice Department has announced the launch of a new investigative team focused on disrupting “criminal misuse” of cryptocurrency. Dubbed the National Cryptocurrency Enforcement Team, or NCET, for short, the team will target crooked crypto exchanges, money launderers, and other unsavoury elements that occupy the dark recesses of the digital currency underworld.
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As Trial for Backpage’s Founders Begins, Their Free Speech Defence Is Flailing
Last week, the trial against Backpage began, commencing a long-awaited battle over either a massive criminal conspiracy or the fate of free speech online — all ultimately sideswiping sex workers who depended on the site. Prosecutors allege that the site facilitated sex work and sex trafficking; the founders have branded the criminal case over user-generated…
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No, The AFP Is Not Investigating OnlyFans
The Australian financial crimes watchdog AUSTRAC and the Australian Federal Police (AFP) are not currently investigating online subscription service OnlyFans, despite reports to the contrary. These reports have suggested that the departments have been looking into OnlyFans over concerns the platform is facilitating illegal criminal activity such as drug trafficking and money laundering, For those…
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‘Bitcoin Maven’ Gaoled For Multi-Million Dollar Bitcoin-For-Cash Money Laundering Operation
Bitcoin has lost most of its (likely inflated) value in the last few months, but it still has plenty of value for law enforcement agencies looking for financial crimes to punish. The latest cryptocurrency criminal to get the book thrown at them is “Bitcoin Maven”, a 50-year-old woman who ran a bitcoin-for-cash exchange operation.