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REVEALED: €1BN – or half – of Bizlato’s crypto exchanges linked to crime gangs and sanctions-busting, say EU police who have arrested top management

Premium January 23, 2023

BIZLATO: The French Gendarmerie took down the digital infrastructure of the crypto exchange, based in France, and interrogated leading members of the platform’s management. The operation also involved law enforcement and judicial authorities from Belgium, Cyprus, Portugal, Spain and the Netherlands.

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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NEWS: Former billionaire Bill Hwang sentenced to 18 years in prison for massive US fraud

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NEWS: CEO of AllHere, promising education AI chatbot, charged with defrauding investors

By AMLi Correspondent EUROPEAN police agencies have arrested the top management of dirty money crypto exchange Bizlato, it has been revealed. Analysis now indicates 46pc of the assets exchanged through Bitzlato, worth roughly €1BN had links to criminal activities.  More than 3,500 bitcoin addresses and around 1,000 Bitzlato user details showed links with various criminal…

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INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

 Premium

NEWS: Former billionaire Bill Hwang sentenced to 18 years in prison for massive US fraud

 Premium

NEWS: CEO of AllHere, promising education AI chatbot, charged with defrauding investors

Regulatory Watch News

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