Feds Seize Assets From Mt. Gox's Dwolla Acount, Accuse It Of Violating Money Transfer Regulations
Bitcoin exchange service Mt. Gox is experiencing some issues with U.S. authorities. The Department of Homeland Security issued a seizure warrant to Dwolla for the money in Mt. Gox’s Dwolla account. Mt. Gox users can’t use Dwolla as a funding option anymore even though it was one of the most popular options. The Japanese startup failed to register in the U.S. as a money transmitting company — president and CEO Mark Karpeles now faces up to five years in prison. Dwolla had no choice but to proceed with the request. IDG News obtained a copy of the warrant through the U.S. Immigration and Customs Enforcement (ICE), the investigation team of the Department of Homeland Security. In order to accept funds in dollars, Mt. Gox opened a Wells Fargo business account for Mutum Sigillum LLC (Mt. Gox’s American subsidiary). The company had to complete a document that states whether it provides money services or not. The warrant reads: “That document was completed on May 20, 2011, and identified ...
Singapore to Cooperate More on Tax Enforcement
The Singapore government said that it will beef up the help it offers on investigations by other countries' tax authorities.
Data Leak Spurs Huge Offshore Tax Evasion Investigation
New submitter lxrocks writes "Tax authorities in the U.S., Britain, and Australia have announced they are working with a gigantic cache of leaked data that may be the beginnings of one of the largest tax investigations in history. The secret records are believed to include those obtained by the International Consortium of Investigative Journalists that lay bare the individuals behind covert companies and private trusts in the British Virgin Islands, the Cook Islands, Singapore and other offshore hideaways. The IRS said, 'There is nothing illegal about holding assets through offshore entities; however, such offshore arrangements are often used to avoid or evade tax liabilities on income represented by the principal or on the income generated by the underlying assets. In addition, advisors may be subject to civil penalties or criminal prosecution for promoting such arrangements as a means to avoid or evade tax liability or circumvent information reporting requirements.'"
Domestic abuse cases never snared accused Cleveland abductor
The mother of Ariel Castro's children repeatedly went to authorities with accusations he was beating, abusing and threatening her. But her complaints never reached the point where Castro was imprisoned or triggered additional police investigations.
Found 1 week ago on channel Reuters
Antivirus Firms "Won't Co-operate" With PC-Hacking Dutch Police
nk497 writes "Dutch police are set to get the power to hack people's computers or install spyware as part of investigations — but antivirus experts say they won't help police reach their targets. Mikko Hypponen, chief research officer at F-Secure, said the Dutch bill could lead to antivirus firms being asked asked to cooperate with authorities to let an attack reach the target. So far, Hypponen hasn't seen a single antivirus vendor cooperate with such a request, and said his own firm wouldn't want to take part. Purely for business reasons, it doesn't make sense to fail to protect customers and let malware through 'regardless of the source.'"