Laundering

North Korea arrests hackers accused of laundering stolen bank funds through crypto

North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency. The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the Central Bank of… Read More

Canada’s Anti-Money Laundering Watchdog, Fintrac, Levies Record $126M Fine on Cryptomus

9 months ago by Crypto InsightsCrypto

The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) said it fined Xeltox Enterprises Ltd. (which operates as cryptocurrency platform Cryptomus), a record C$176.96 million ($126 million) for widespread compliance failures under federal anti-money laundering and counter-terrorist financing laws. The fine related to over… Read More