Chinese Police Arrest $125mn Crypto and Telecoms Fraud Gang
Almost 100 arrests were made in the Southern Chinese city of Zunyi.
Money Launderer Admits to Operating $311mn Bitcoin Mixer for Darknet Businesses
Larry Harmon’s ‘Helix’ mixer obscured the origins of cryptocurrency earned by drug dealers and other illegal enterprises.
Europol Report Links TV Piracy to Cryptocurrency Money Laundering
Cryptocurrency mining was used to disguise the illegal profits of two different digital TV piracy gangs.
Tanzania Arrests CEO of Vietnamese-Owned Telco
CEO Son Anh Nguyen and five other employees of Halotel, a Tanzanian telco owned by Vietnam’s Viettel, have been charged with the illegal use of spectrum, money laundering and tax evasion.
Corruption Scandal Expected to Cost Ericsson $1.2bn
The leading network vendor believes they have violated US anti-corruption laws and will need to pay USD1bn in fines as punishment for how their staff did business in six countries.
Laundering Case Dismissed Because ‘Bitcoin is not Money’
Arguments about the word ‘money’ should matter to comms companies that enable the transfer of Bitcoins.
Lycamobile Raided by Police; 19 Arrested over Alleged Money Laundering
The boss of Lycamobile France is accused of colluding with phony front companies to sell airtime on the black market.
Safaricom and Neural Win Award for M-Pesa AML
Safaricom’s improved AML monitoring has shut down criminal rings and passed details of suspects to the police.
Lycamobile Accused of Money Laundering by Rival
The USD2bn international MVNO group uses unorthodox methods to deposit cash, but journalists may have trumped up a story fed by competitors Lebara Mobile.