Tag: laundering

CBI Charges EPFO Employees With Fake Claims

CBI’s Fraud Investigation team found three EPFO officials, including an officer, at the centre of a multi-crore scam involving more than $40bn in EPFO-sponsored grants and loans. “A fraud investigation unit of the Central Board of Direct Taxes has found three officers of the Enforcement Authority of the EPFO, who are involved in the fraud,”…

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Cryptocurrency Investment Scam in Taiwan

More people are being taken in for questioning. On Thursday in Chengdu city in Sichuan province, police raided offices of cryptocurrency exchange, cryptocurrency exchanges, and cryptocurrency companies. It is alleged that some people involved in crypto are engaged in a money laundering scheme. These arrests were made during an investigation into a suspected money laundering…

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The City of Jackson, Mississippi, Is Getting Closer to the State’s Budget Cuts

Jackson – a city in northeast Alabama and the state capital city of the same name — had long been a place where big business, big money and big politics intersected. Now, as the state budget slashes $500 million from the General Fund to close deficit-ridden and ineffective programs, including a nearly two-year-old “Revenue Management”…

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Bitcoin Cash – The Most Common Method of Exchange

A New York police department arrested 23 people and confiscated $8. 2 million in cryptocurrency last year. In the same amount, police confiscated $19. 8 million in drug money. To help you get a complete picture of the situation, we have summarized this article by the numbers. According to the U. Federal Bureau of Investigation,…

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Is It Business As Usual At Tether?

As a result of the crypto frenzy and the recent market drop, there are many who are now in fear of the consequences that may come from the authorities if, for example, a crypto exchange is under investigation. Despite the fact there are many jurisdictions and state governments that do not take a strict view…

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The Bitcoin Price Continued to Fall

We have covered a lot more of the bitcoin markets this week, but there were still a whole lot more stories worth reading. We hope this list of stories helped you out a little bit, and that there was some insight into the news that’s making news. The bitcoin mining market is heating up right…

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The Role of the Financial Sector in Combatting Cybercrime

The past two years saw cybercrime threats become more sophisticated, expensive and varied. The attacks are increasingly complex, the cost of the attacks is rising, and the criminals are becoming more brazen and less constrained by legislation. Although the number of reported attacks has grown over the past year, there has been relatively little attention…

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The Rise of Cryptocurrencies

The rise of cryptocurrencies has made them an attractive tool for hackers who seek to profit from their volatility. The rise of cryptocurrencies has made them an attractive tool for hackers who seek to profit from their volatility. Bitcoin’s surge in price has been a mixed blessing for those that choose to hold cryptocurrency. While…

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The PBoC Issues a stern Warning to Cryptocurrency Investors

The People’s Bank of China (PBoC) published a stern warning to financial firms Thursday that they should stop trading or storing the digital currencies “if they are deemed to be gambling, betting on virtual currencies, or have been involved in money laundering. ” However, the warning is a bit too generic and the PBoC is,…

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