One of the provisions of the Economic Crime and Corporate Transparency Bill permits the recovery of crypto assets used in crimes without conviction, as some individuals may avoid conviction by remaining remote. The legislation also aims to combat the use of digital assets “for the purposes of te...
Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023.
2024, Journal of Financial Crime Who’s afraid of cryptoization? Evidence from a survey experiment in Finland 2024, Review of International Political Economy1 For example, Forbes (2018) reported that Iranian were using Bitcoin to send payment overseas, circumventing sanction. The article is availabl...
Update: The U.K. National Crime Agency (NCA) has confirmed the takedown of LockBit infrastructure. Read here for more details . An international law enforcement operation has led to the seizure of multiple darknet domains operated by LockBit , one of the most prolific ransomware groups, marking...
Some cryptocurrencies are seen by critics as easy vehicles for crime. That's because they protect users anonymity and have been used in"ransomware" attacksto demand payments. "The escalation of ransomware attacks and the increasing prominence of cryptocurrencies may be connected," Nir Kshetri, a pr...
Police now say that another crime, the mysterious Aug. 25 kidnapping of aConnecticutcouple in broad daylight while they were house hunting, may be connected to the Washington crypto theft. The couple was driving a Lamborghini they said was rented by their son at the time they were carjacked ...
"Citizens and legal entities risk being drawn — even unintentionally — into illegal activity, including laundering of money obtained through crime, as well as financing terrorism," the release stated. This doesn't mean the Russian police is going to come after you for trading a few Bitcoins ...
Possibly, Bitcoin has certainly gained fame in the news media as a technology that can result in crime. But even though the identities of people in a bitcoin trade may be hidden, the public ledger has increasingly helped law trace the movement of bitcoins from place to place. ...
Not surprisingly, bitcoin is a favored conduit by criminals for financial transactions—there have been many criminal bitcoin usage trends over the years. Most recently, in its analysis of crypto crime trends in 2023, Chainalysis found that ransomware, darknet activities, and sanctioned entity trans...
Canada considers cryptocurrency exchanges to be money service businesses. This brings them under the purview of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada's version of AML/CFT laws). As a result, cryptocurrency exchanges must register with theFinancial Transactions ...