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Chile Cracks Down on Tren de Aragua’s Crypto Money Laundering Scheme
3.7.2025
Chile recently cracked down on a money laundering scheme that involved moving millions of dollars to various countries, including Venezuela, Colombia, the U.S., Paraguay, Mexico, Spain, and Argentina. The Tren de Aragua used crypto assets to launder some of these criminal funds. Chile Dismantles...
Most Illicit On-Chain Activity Now Involves Stablecoins: FATF
26.6.2025
Mass adoption of stablecoins will amplify illicit finance risks, particularly when it is handled unevenly across difference jurisdictions, the FATF said
Hong Kong to develop crypto tracking tool for money laundering
12.6.2025
Hong Kong Customs and Excise Department teams up with the University of Hong Kong to build a crypto tracking tool amid a rise in money laundering cases involving digital assets
Australia Cracks Down on Crypto ATM Providers as Scammers Target the Elderly
4.6.2025
Anti-money laundering regulator AUSTRAC obtained data showing that 72% of all crypto ATM transactions are carried out by people over the age of 50
Bitcoin Donation Scandal Rocks Czech Republic: Did the State Unknowingly Launder Millions?
2.6.2025
A donation of 468 bitcoin to the Ministry of Justice from a convicted drug trafficker has sparked a scandal in the Czech Republic, leading to the resignation of Justice Minister Pavel Blazek. Blazek claimed he was unaware of any illegal conduct related to the donation. Czech Republic Justice...
Luxembourg flags crypto companies as high risk for money laundering
27.5.2025
Luxembourg classified virtual asset service providers (VASPs) as high-risk entities for money laundering in its 2025 National Risk Assessment (NRA), highlighting concerns over the crypto industry’s exposure to financial crime.According to the report, the inherent risk level of VASPs is deemed...
Luxembourg flags crypto companies as high risk for money laundering
27.5.2025
Luxembourg classified virtual asset service providers (VASPs) as high-risk entities for money laundering in its 2025 National Risk Assessment (NRA), highlighting concerns over the crypto industry’s exposure to financial crime.According to the report, the inherent risk level of VASPs is deemed...
Luxembourg flags crypto companies as high risk for money laundering
27.5.2025
Luxembourg classified virtual asset service providers (VASPs) as high-risk entities for money laundering in its 2025 National Risk Assessment (NRA), highlighting concerns over the crypto industry’s exposure to financial crime.According to the report, the inherent risk level of VASPs is deemed...
Criminal Banking Organization Takedown Across Europe Includes Crypto Operations
15.5.2025
Europol has announced the arrest of 17 individuals involved in a criminal parallel banking organization that provided money laundering services across Europe, including the exchange of cryptocurrencies for cash. The operation, conducted on January 14, 2025, in Austria, Belgium, and Spain, followed...
Binance founder CZ asked Trump to pardon money laundering conviction
8.5.2025
Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one.Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he “wouldn’t mind” a pardon...
Operation Fantasos: Brazil Cracks Down on Remnants of $290M Crypto Ponzi Scheme
2.5.2025
The Brazilian Federal Police carried out Operation Fantasos, with more than 50 officers executing 11 search and seizure warrants in various locations across Rio de Janeiro. The mastermind behind these activities was extradited from Switzerland to the U.S. in February. Operation Fantasos Targets...
U.S. Government Begins to Sever Cambodia's Huione Group from Financial System
2.5.2025
The Treasury Department's financial-crimes arm used its most potent safeguard to propose cutting off the organization as a money-laundering danger
Samourai Wallet Prosecutors Are Considering Dropping Charges Under New DOJ Crypto Enforcement Priorities: Filing
29.4.2025
The co-founders are each facing up to 25 years in prison for alleged money laundering and unlicensed money transmitting
Monero Price Rises 50% Amid Alleged Money Laundering Activities
28.4.2025
The price of Monero, a privacy-focused cryptocurrency, has risen by over 50% overnight on several exchanges, leaving crypto enthusiasts in search of an answer to this sudden increase. Onchain sleuth ZachXBT alleged that this move had been caused by the swap of a high amount of bitcoin to...
Stablecoin Legislation Must Ensure Financial Privacy
24.4.2025
Lawmakers designing stablecoin legislation must ensure that anti-money laundering measures don’t open the door to unfettered financial surveillance of stablecoin users, says Cato Institute’s Jennifer J. Schulp
Travel Rule Compliance Surges on New Regs, Stablecoin Payments, Notabene Says
23.4.2025
Notabene’s annual survey of crypto firms found that almost all respondents expect to be Travel Rule compliant by mid-2025
Crypto exchange eXch to shut down amid money laundering allegations
17.4.2025
Cryptocurrency exchange eXch announced it will cease operations on May 1 after reports alleged the firm was used to launder funds from a Bybit hack.In an April 17 notice, eXch said the majority of people in its management team voted to “cease and retreat” in response to the allegations...
Block Agrees to $40M Settlement With New York Over Faulty Money-Laundering Controls
10.4.2025
The payments and blockchain firm has agreed to an outside monitor as it resolves its compliance with New York regulations
OKX Fined $1.2 Million by Malta’s FIAU for Anti-Money Laundering Failures
4.4.2025
Okcoin Europe Ltd, the European subsidiary of OKX Exchange, has been fined $1.2 million (€1.05 million) by Malta’s FIAU for anti-money laundering and compliance failures in 2023. The company has since taken corrective measures to address the deficiencies flagged in the review. Okcoin Europe...
OKX Fined $1.2M by Malta for Breaching Money Laundering Rules
4.4.2025
The company was expected to assess the nature of risks prevalent in the services it was offering, the Financial Intelligence Analysis Unit said in a notice