laundering

Tornado Cash: US Treasury sanctions cryptocurrency ‘mixer’ allegedly used by North Korea for money laundering

According to a senior Treasury official, Tornado Cash has reportedly laundered more than $7 billion in virtual currency since its launch in 2019, including $455 million from the Lazarus Group, a North Korean state-sponsored hacking group. It was also used as recently as last week to launder money from a “heist” of Nomad, a US …

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Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trialFormer banker found guilty of qualified money launderingBank plans to appealBELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first criminal trial of …

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