The Nordea Bank that banned Bitcoin in January is in today’s crypto news because of a money laundering scandal where allegedly the financial group was receiving foul money from the Baltics.
Nordea said in a report:
“We are aware of the report, and at Nordea, we work closely with the relevant authorities in the countries in which we operate, including the Nordic Financial Intelligence Units.”
The Nordea Bank prohibited its employees in January from buying and trading cryptocurrencies such as Bitcoin because of its unregulated nature.
A spokeswoman for Nordea Bank explained:
“It is widespread practice across the banking industry to restrict the personal account dealing of staff to prevent them taking positions in speculative investments, or which might expose them to a risk of financial loss and therefore impact their financial standing. Nordea therefore, like all banks, has the right to set out policies in this area that apply to its staff.”
Kellberg, the spokeswoman referenced the lack of regulation in the crypto space and expressed concerns for the possibility of using digital assets to do money laundering and that investors will be under the biggest impact.
Nordea spokesperson also noted that they would gladly cooperate with major central EU banks and the entire European Banking Federation to develop a regulatory framework for cryptocurrencies.
The crypto sector hurried to criticize the controversial decision of Nordea Bank where many analysts believed that this decision was made without a legal basis.
On the money laundering aspect, according to SLE reports, more than 300 Nordea accounts received payments of more than 150 million euros from shell companies that allegedly run illegitimate operations.
The Finnish authorities will cooperate with Swedish authorities and will launch a full investigation on Nordea Bank.
South Korea: Five Arrested In A New Crypto Mining Malware Case Involving 6,000+ PCs
“Because cyber security firms and anti-virus software operators responded quickly to the distribution of mining malware, the group of hackers were not able to generate a significant revenue from their operation. In most cases, anti-virus software detected the malware within three to seven days. If the malware was detected, the hackers sent new malware, but it was detected again by anti-virus software,”Carried into over 6,000 actively used computers, the operation managed to only generate $1,000 in profit in total.
[UPDATED] Crypto Pioneer Charlie Shrem Fights Back The Accusations Of Stealing 5,000 Bitcoins
“Nor can WCF prove Shrem engaged in any misconduct. He did not. Shrem can show by verifiable evidence that he did not take the 5,000 bitcoins WCF accuses him of taking and that they belonged to Mr. X. Shrem, therefore, did not breach any duty to WCF, even if one were found to exist.”Both sides are going to meet in court tomorrow Nov. 8.
Fake Elon Musk Twitter Accounts Promote Bitcoin Scams, One Got Away With $170k
Scandal In Bulgaria: Officials Arrested For Selling Passports In Exchange For Bitcoin
“Peter Haralampiev, Krasimir Tomov, and Mark Stoyov have been arrested for fraud with the issuance of Bulgarian passports to Ukrainian, Moldovan and Macedonian citizens.”The lawyers of the accused officials denied that their clients had anything to do with this fraud but the Prosecutor General, however, demands that the lawyers must provide evidence in order to prove that isn’t the case. The lawyers on the other hand, still haven’t provided the court with reliable evidence. Some people even expected a resignation from the Vice Prime Minister of Bulgaria Valeri Simeonov because of the level of corruption in the agency but he clearly noted that he doesn’t have such intentions. Despite the government officials involved in such criminal activities, 20 other people were detained in Bulgaria for selling passports to citizens in Ukraine, Moldova, and Macedonia while receiving more than $5,000 for a single document. Since Bulgaria is a member of the European Union, the passport allows people to live, travel and work easily in any other EU country without any restrictions unlike the citizens from the above-mentioned countries.
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