US arrests Bitzlato cofounder, alleges US$700 million of illicit funds processed
WASHINGTON : U.S. authorities said on Wednesday they have arrested the majority shareholder and cofounder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing $700 million in illicit funds.
"Whether you break our laws from China or Europe or abuse our financial system from a tropical island — you can expect to answer for your crimes inside a United States courtroom," Deputy Attorney General Lisa Monaco told reporters at a news conference at the Justice Department. Bitzlato has processed $4.58 billion worth of cryptocurrency transactions since May 3, 2018, prosecutors said, adding a substantial portion constitutes"the proceeds of crime."
The charges were filed in conjunction with the U.S. Treasury Department's Financial Crimes Enforcement Network , which said it has prohibited certain transmittals of funds involving Bitzlato by any covered financial institution after labeling Bitzlato Ltd a"primary money laundering concern" related to Russian illicit finance.
Cari Stinebower, a former Treasury Department official now a partner at law firm Winston & Strawn, said the penalties imposed are akin to those under Section 311 of the U.S. Patriot Act and will make Bitzlato untouchable by U.S. and foreign banks.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
US arrests Bitzlato cofounder, alleges US$700 million of illicit funds processedWASHINGTON: US authorities said on Wednesday (Jan 18) they have arrested the majority shareholder and cofounder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing US$700 million in illicit funds. Anatoly Legkodymov, a Russian national living in China, was arrested in Mi
続きを読む »
US Treasury Dept says has identified Bitzlato Ltd as a 'money laundering concern'WASHINGTON : The U.S. Treasury Department's Financial Crimes Enforcement Network on Wednesday said it has identified virtual currency exchange Bitzlato Ltd as a 'money laundering concern' related to Russian illicit finance.The agency's FinCEN unit has issued an order prohibiting certain transmittals of fu
続きを読む »
US authorities arrest founder of Hong Kong crypto exchange BitzlatoWASHINGTON :U.S. authorities said on Wednesday they have arrested the majority shareholder and cofounder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing hundreds of million of dollars in illicit funds.Anatoly Legkodymov, a Russian national living in China, was arrested
続きを読む »
Crypto firm Bitzlato's website seizedCryptocurrency firm Bitzlato's website has been seized as part of an international law enforcement action against the company, according to a notice posted on the website.
続きを読む »
Australian Open 2023: order of play on WednesdayMELBOURNE : Order of play on the main showcourts on the third day of the Australian Open on Wednesday (prefix number denotes seeding):* Day session: From 11 a.m. local time (0000 GMT)* Night session: From 7 p.m. local time (0800 GMT)ROD LAVER ARENA1-Iga Swiatek (Poland) v Camila Osori
続きを読む »
Australian Open 2023: Day three on WednesdayMELBOURNE : Highlights of the third day of the Australian Open at Melbourne Park on Wednesday, all times local (GMT +11):1305 SINNER MOVES TO THIRD ROUNDItaly's Jannik Sinner beat Tomas Etcheverry 6-3 6-2 6-2, going through the match without conceding a break point opportunity to the Argentine.
続きを読む »