News with the tag "drug trafficking"

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a warning regarding the growing use of cryptocurrencies in laundering proceeds from synthetic opioid trafficking. The Jan. 23 alert, as reported by Cointelegraph , outlines new risk factors for identifying illicit ...

Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilograms of meth. They processed about 20 drug orders daily between July 2019 and D...

The U.S. Attorney’s Office and the FBI announced on Friday that Yanbing Chen, a 30-year-old from Brooklyn, N.Y., pleaded guilty to his involvement in an international money laundering and drug trafficking conspiracy. The organization, led by Jin Hua Zhang of Staten Island, laundered over $25 million...

Telegram CEO Pavel Durov was reportedly unaware of an arrest warrant issued against him in France, according to a source from the Paris prosecutor’s office. The French investigation was not linked to any U.S. actions. Neither President Emmanuel Macron nor the French foreign ministry were informed in...

Pavel Durov, founder and CEO of Telegram, has reportedly been arrested at Le Bourget airport in France under a search warrant issued by the French judicial police. The arrest follows accusations that Telegram facilitates crimes like drug trafficking and fraud due to its anonymity features. Durov fac...

A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and a significa...

The Narcotics Control Bureau (NCB) of India is keeping a close eye on crypto transactions as part of its attempt to stop drug trafficking in the nation. India has witnessed

India’s NCB forms a special task force and initiates digital forensics training to tackle the growing misuse of cryptocurrencies in drug trafficking.

Drug traffickers reportedly opted to launder money through Citigroup, viewing the bank as accommodating due to perceived weaker fraud prevention measures. The post Not Just Crypto, Citigroup Accused of Facilitating Drug Money Laundering appeared first on Cryptonews .

South Korean prosecutors have revealed that crypto-powered drug trafficking is on the rise nationwide. The post Crypto-powered Drug Trafficking Spiralling Nationwide in South Korea – Prosecutors appeared first on Cryptonews .