Financial Crime & Money Laundering

Category: Money Laundering

January 6, 2019

COINTED Update: Criminal Complaint About Organized Money Laundering

In 2016, a huge money-laundering scandal around the Deutsche Bank came up. Over the years, USD 10 billion of Russian investors were laundered via complex..

December 30, 2018

Option888 Case: Montenegro Atlas Banka Involved In Money Laundering

The illegal Binary Options platform Option888 has worked with a variety of payment services providers (PSP). One of them is the Montenegro-based Global Payment Solutions..

December 27, 2018

INVESTOR WARNING: Illegal Broker XTraderFX, GPay, And Money Laundering

The illegal online broker XTraderFX and the non-registered payment services provider GPay Ltd have already received numerous warnings from various financial market supervisory authorities. FinTelegram..

December 23, 2018

EFRI Funds Recovery Campaign Against Veltyco’s Online Trading Schemes Option888, ZoomTrader, and XMarkets

FinTelegram has already been covering the online trading scams around the public-listed VELTYCO GROUP PLC for months and has warned investors. These scams include Option888,..

December 19, 2018

SafeMarkets Warning: Unauthorized Payment Services Providers Involved

There have been numerous warnings from official supervisory agencies against the illegal broker websites operated by Israeli fraud artist Gal BARAK. Recently, the UK Financial..

December 17, 2018

Tether Wallet Phishing App and Subsequent Laundering of Funds onto Binance and Bittrex?

Istvan Cocron CEO and Founder of CLLB Cyber Fraud and Financial Crime Law – a report on behalf of a client.CLLB represents harmed victims whose funds were..

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.

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