A former narcotics trafficker, Hugh Brian Haney, pled guilty for selling illegal drugs on the dark web platform, Silk Road, and laundering over $19 million worth of profits with Bitcoin.
A quarterly report claims that North Korea employed a shipping and logistics firm named Marine China.
In an interview, the secretary-general said, “Though Amlo officers currently do not receive complaints, or deal with, cases directly involving virtual currencies, they need to stay alert. We may not find any clue, but that doesn’t mean the wrongdoing does not occur”.
Recently, the Spanish police department has caught a gang who was using Bitcoin ATMs to launder money.
A deputy governor for new technologies at the CBI (Central Bank of Iran), Naseer Hakimi has released a statement that Bitcoin trading in Iran is now illegal. This step has been taken to prevent money laundering and financial terrorism crime threats.
Vancouver police call Bitcoin ATMs an ideal money-laundering vehicle.