Daily Archives: 15/09/2020

US Prosecutor’s Office indicted the operator of the cryptocurrency pyramid Argyle Coin for $ 25 million

The head of the Argyle Coin cryptocurrency pyramid, which offered investments in diamonds, has been charged with fraud. The US Federal Attorney’s Office of South Florida accused Jose Angel Aman of electronic fraud while running a cryptocurrency scheme offering diamond investments. According to the investigation, from May 2014 to May 2019, Aman and his partners urged people in the United States and Canada to invest in contracts for the purchase of diamonds. They promised investors…

FATF Formulated Signs of Suspicious Activity of Cryptocurrency Users

The FATF recommends that regulators and exchanges create profiles of cryptocurrency users to detect criminal activity. The Financial Action Task Force (FATF) said in its report on Monday that it has identified certain behaviors and characteristics of cryptocurrency users that may be considered suspicious. Such models can be applied by regulators when detecting illegal transactions. One of the main methods suggested in the report is to compare the user’s transaction activity with that in their…