Tether reportedly froze $72 million in USDT on Tron after a wallet received 120.2 million USDT and began routing funds, with a portion of the outflow reportedly used to buy Monero (XMR), pushing its price up. The freeze highlights the limited time stablecoin issuers have before funds are moved into less traceable assets or venues.
The Enforcement Directorate (ED) arrested former Reliance Telecom executives Gautam Doshi and Satish Seth in Mumbai as part of its money laundering probe against Anil Ambani's group entities. Doshi was brought to Delhi, while Seth was hospitalized and later sent to ED custody.
Japan's National Police Agency announced the arrest of two men, one Russian and one Ukrainian, for operating a money laundering website used by criminal groups. The site, "AudiA6," allegedly laundered over €336 million (approx. ¥62.2 billion) in funds, including ransomware proceeds. The operation involved Europol and 10 other countries.
An international investigation involving Japan's National Police Agency and Europol has led to the arrest of two Russian nationals in Georgia suspected of laundering over ¥62.2 billion in criminal proceeds via the "AudiA6" mixing service. The group is known for facilitating money laundering for cybercriminals.
Supreme Court Justice Prashant Kumar Mishra recused himself from hearing Jacqueline Fernandez's plea against charges in a Rs 200 crore money laundering case involving Sukesh Chandrashekhar. The case will be heard by another bench on June 25.
Egyptian prosecution ordered the arrest of Sabry Nakhnoukh for four days pending investigations into money laundering charges. His assets, including bank accounts, stocks, real estate, and cars, have been seized, and he is banned from travel.
Egyptian authorities have frozen the assets of Nokhnoch and other defendants as part of an investigation into money laundering. The probe includes examining financial transactions, real estate, and electronic wallets, with further testimonies being taken from associates, including Nokhnoch's wife and a media personality.
Rio Branco AC terminated its sponsorship with Blackbox, a company investigated in Operation Narco Fluxo for alleged money laundering and illegal betting operations. The company, which also sponsored other local football clubs, is accused of moving over R$1.6 billion.
Hong Kong authorities have charged seven individuals and two companies with 25 offenses, including manslaughter and money laundering, in connection with the city's deadliest fire at Wang Fuk Court last November, which killed 168 people.
A US lawmaker stated that Chinese money laundering networks are funding cartels and threatening US borders, with an estimated $312 billion in suspicious activity linked to such operations between 2020-2024. The Chinese embassy denied responsibility, citing UN conventions and efforts to combat illicit finance.
An investigation across Britain exposes widespread organised crime on High Streets, including money laundering through 'dodgy shops', illegal tobacco sales, and drug trafficking, reflecting broader societal and economic troubles.
The Swiss branch of HSBC is being prosecuted for money laundering within an organized crime group and forming an association of villains. The prosecution requested an €80 million bail from the bank to cover potential future damages.
Russia has sanctioned 17-year-old British student Alexander Browder for his report on alleged money laundering via cryptocurrency 'A7A5' to fund the Ukraine war. Browder, son of activist Bill Browder, sees the sanction as proof of his work's effectiveness.
South Korea's National Police Agency has partnered with the country's five largest virtual asset exchanges to combat money laundering from phishing crimes. The collaboration aims to block the use of cryptocurrencies to launder illicit funds by establishing a real-time data sharing system.
The Enforcement Directorate (ED) summoned Trinamool Congress MP Abhishek Banerjee to appear on June 15 regarding the primary school recruitment irregularities case. The summons was served at his residence in Kolkata, as he was not present. The ED is investigating alleged large-scale irregularities and money laundering linked to the scam.
The Enforcement Directorate (ED) raided multiple locations in Maharashtra and Gujarat as part of a money laundering probe linked to drug trafficker Mohammad Salim Dola. Dola, who was extradited from Türkiye in April, is accused of running a transnational drug syndicate and is a close associate of Dawood Ibrahim.
Nineteen individuals have been indicted for money laundering in South Korea, accused of establishing shell corporations and distributing "ghost accounts" and "ghost phones" to criminal organizations involved in voice phishing scams. The illicit funds laundered through these accounts amount to approximately 9.6 billion won.
Egyptian influencer "Umm Makka" is on trial for money laundering and illegal financial activities. The economic court postponed the session to review the power of attorney. This case is part of a broader crackdown on financial crimes via social media in Egypt.
Belgian prosecutors confirmed Monday they have launched an investigation into money transfer firm Wise Europe for suspected money laundering. The probe, which is nearing its end, is examining if criminal organizations used Wise's services for suspicious transactions totaling over 500 million euros.
Wise confirmed it is cooperating with Belgian prosecutors investigating potential money laundering through its platform, causing its shares to drop over 10%. The probe concerns €500m in transactions and potential non-compliance with anti-money laundering legislation.
Belgian prosecutors are nearing the conclusion of an investigation into Wise Europe, the Belgian subsidiary of the money transfer company Wise, over suspicions that criminal groups used its accounts for money laundering. The probe focuses on alleged non-compliance with anti-money laundering legislation, including failure to identify customers and their activities.
Belgian prosecutors are investigating Wise, a UK money transfer company, over suspicions its accounts were used for money laundering. The probe, nearing conclusion, focuses on its European operations and alleged non-compliance with anti-money laundering laws. Wise stated it is cooperating but no specific findings have been shared.
Belgian prosecutors confirmed an advanced investigation into Wise Europe for suspected money laundering, focusing on alleged non-compliance with anti-money laundering laws and the use of accounts for criminal activities like fraud and drug trafficking. Wise stated the investigation is ongoing and does not indicate non-compliance.
West Bengal CM Suvendu Adhikari announced a Special Investigation Team (SIT) to probe nearly 30 lakh suspected fake beneficiary accounts in the Lakshmir Bhandar scheme. The probe will also investigate money laundering allegations due to illegal cash transfers.
