Tag: Money Laundering

Payza Faces Major Money Laundering Charges in the US

Most people are familiar with the company Payza. This particular service provider integrated cryptocurrency payments quite some time ago. It now seems the US government has taken a rather harsh course of action against Payza. The company faces charges of running an unlicensed money services business. US Government Cracks Down on Payza Any company dealing with cryptocurrencies will irate the US government sooner or later. In the case of Payza, …
[Read More]

Carders and Money Launderers Target Airbnb Hosts

Money laundering concerns in any industry are not to be trifled with. It is evident any business model relying on payments is susceptible to such criminal activity. If The Daily Beast is to be believed, Airbnb may have a Russian money laundering problem. That is a rather disturbing development on multiple levels. AirBnB And Money Laundering by Russians It is evident the concept of money laundering has changed dramatically over the past few years. While its …
[Read More]

Swiss JPMorgan Subsidiary Charged With Money Laundering

It turns out karma is a very real thing. Not too long ago, JPMorgan Chase CEO Jamie Dimon called Bitcoin a tool for money laundering and made some other less-than-flattering comments about the world’s leading cryptocurrency. Karma has come a-knocking for Dimon’s institution, as one of its subsidiaries has since been sanctioned for money laundering and violating supervision laws. Perhaps they should have used Bitcoin after all? JPMorgan and Money Laundering It is always …
[Read More]

Three in Four Money Laundering Cases Involve Digital Currencies, FBI Sources Claim

Everyone involved in the world of Bitcoin and cryptocurrency will readily agree there are plenty of challenges ahead. While most of the opposition comes from external forces, the currencies themselves are not exactly perfect either. While most people won’t like to admit it, Bitcoin, Ethereum, and most other currencies are not exempt from criminal activity. The FBI certainly has its hands full in this regard; that much is certain. Digital Currencies and …
[Read More]