It seems that Mt. Gox, the bitcoin exchange site that recently declared bankruptcy, might be able to recoup some of those costs. After research its bitcoin wallet from 2011 and more recent, Mt. Gox has found 200,000 bitcoins in an old-format wallet. Worth about $114 million, this is only about 24% of the bitcoins that … Continue reading »
Category Archives: In the Headlines
NPR breaks down Mexican Drug Cartel Functions.
How do Mexican drug cartels typically clean up dirty money? NPR discusses casas de cambio and more of recent funding shifts for the cartels in an article on March 20. Continue reading »
Cayman Islands a Major Money Laundering Country According to the 2013 INCSR
The State Department’s International Narcotics Control Strategy Report (INCSR) is listing the Cayman Islands as a major money laundering country in its most recent release. Most of the money laundering is in connection with drug trafficking and fraud. See more here. Find the full INCSR here. Continue reading »
Bitcoin ATMs to Soon Open in Seattle & Austin
According to Reuters, bitcoin ATMs will soon open in two major U.S. cities. The ATMs will allow users to swap bitcoins for cash and make deposits for more bitcoins. A government issued ID will be necessary for withdraws. These will be the first bitcoin ATMs in the US. In North America, the first was installed … Continue reading »
Bitcoin is once again making front page news. But this time for being used in Money Laundering.
The CEO Charlie Shrem of BitInstanst bitcoin exchange and underground bitcoin exchanger Robert Faielle have been charged with Money Laundering, according to NPR. It is a rare chance for the field of anti money laundering to make headlines, yet it is not a surprise. After months of controversy surrounding the new, and untraceable currency called … Continue reading »