Money Laundering

By JESSE BEDAYN (Associated Press/Report for America) COLORADO SPRINGS, Colo. — A Colorado judge on Thursday granted a defense request to delay the criminal case against two Colorado funeral home operators accused of letting nearly 200 corpses decay, in some cases for years, angering some families of the deceased who are eager for the case to be resolved. Jon and Carie Hallford are now scheduled to enter pleas to the numerous felony charges they face in June, with a tentative trial date in October. That would be a year…

Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.The cryptocurrency has enjoyed a strong run in recent months, fuelled by expectations US lawmakers would allow the creation of exchange-traded funds (ETFs) that track the price and let the public invest in crypto without directly purchasing it.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology…

Almost exactly two years ago, the Indian cryptocurrency market braced for a freezing winter, after the government announced a one% TDS and 30% capital gains tax on exchange of virtual digital assets. Over the following months, everybody from investors to influencers, YouTubers, exchange platforms and even education startups pivoted to suggesting tips and tricks to circumvent these taxes, or folded up their businesses altogether.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT…

Less than 24 hours after access to web platforms of crypto wallets such as Binance was cut off for Indian users, their apps were also taken down from Google Play Store.Though there was no official communication from the government, electronics and information technology ministry officials said the move to direct Google to take down these apps followed the finance ministry’s inputs that these platforms are being allegedly used for money laundering.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Changpeng Zhao, the founder and former CEO of cryptocurrency exchange Binance, has asked the judge to allow him to leave the United States. Zhao’s lawyers are urging U.S. District Judge Richard Jones in Seattle to reject the Justice Department’s (DOJ) request to bar him from returning home to the United Arab Emirates until he is sentenced. The crypto founder stepped down from his position after being charged for failing to prevent money laundering on his company’s platform. In a…

Anti-money-laundering rules require broker-dealers to report to regulators on transactions over $5,000, but Merrill’s parent used a $25,000 threshold since their tie-up. Anti-money-laundering rules require broker-dealers to report to regulators on transactions over $5,000, but Merrill’s parent used a $25,000 threshold since their tie-up. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the…

Several top executives have quit cryptocurrency firm Binance, as the company faces a widening net of legal probes across the world.The firm is one of the biggest left in the crypto industry, which has seen a string of scandals, hacks and thefts and suffered plummeting values across the board. Two US financial regulators are suing Binance and reports say the Justice Department is also probing the firm and its boss, Changpeng Zhao, over money laundering and sanctions busting. A report in Fortune magazine linked the…

Australia should phase out advertising for online gambling in three years, a parliamentary committee of inquiry recommended on Wednesday as it looked to limit the "havoc" it caused in one of the world's biggest betting market.The committee made 31 recommendations on how online gambling, which it said was changing the culture of sport, should be regulated and how Australians struggling with addiction should be supported. Australians outspend the citizens of every other country on online gambling, Peta Murphy, chair of the…

Alphabet’s cloud business on Wednesday announced the launch of a new AI-driven anti-money-laundering product. Like many other tools already on the market, the company’s technology uses machine learning to help clients in the financial sector comply with regulations that require them to screen for and report potentially suspicious activity. Where Google Cloud aims to set itself apart is by doing away with the rules-based programming that is typically an integral part of setting up…

Photo: STRF/STAR MAX/IPx (AP)The Israeli government is taking action against crypto accounts it has deemed suspicious, closing down dozens on one of the largest platforms for the digital currency. Israel’s National Bureau for Counter Terror Financing (NBCTF) has seized around 190 accounts on Binance, a cryptocurrency exchange platform, for alleged ties to the Palestinian organization Hamas, according to a report by Reuters based on documents released by the country’s anti-terror authorities. Israel also claimed that two…