Though Macau’s Banco Delta Asia may be the most well known example of North Korean money laundering, the bank is hardly the only illicit conduit used by the North Koreans. In March 2013, the US Treasury Department sanctioned North Korea’s Foreign Trade Bank for their missile and nuclear proliferation activities. Though the Treasury Department’s release … Continue reading »
Author Archives: Devon Blount
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: Where does it come from?
Updated May 27, 2014 Bitcoin is a peer-to-peer currency that its founders released in 2008, but because of its young lifespan, the virtual currency is extremely volatile. Sometimes valued at 200 USD and other times at 400 USD, how could the everyday consumer get a Bitcoin without spending three or more digits? Mining. Mining? Yes, … Continue reading »
Bitcoin, what is it?
Welcome to the MFC series on Bitcoin! Over the next few weeks, we will look into how Bitcoin is used, created, and traded. And see if the benefits of using Bitcoin outweigh the risks. Looking to purchase items online, but want to stay anonymous? Try Bitcoin. Interested in sending money to a friend, but don’t … Continue reading »
