Two crypto exchanges registered in the United Kingdom processed roughly $1 billion in transactions linked to Iran’s Islamic Revolutionary Guard Corps whereas publicly working as typical buying and selling platforms, blockchain intelligence agency TRM Labs revealed in a January 9 report. Zedcex and Zedxion facilitated operational financing for the IRGC, with illicit flows accounting for…
South Korean prosecutors have charged two senior police officers and 5 civilians for alleged ties to a crypto-linked cash laundering community tied to voice phishing scams. Key Takeaways: Two senior South Korean police officers and 5 crypto-linked figures had been indicted in a bribery and money-laundering case. Prosecutors allege officers took money and luxurious items…
The U.S. Justice Department has secured one other main conviction in its ongoing crackdown on crypto-enabled monetary crime, as Samourai Wallet’s chief know-how officer, William Lonergan Hill, was sentenced to 4 years in federal jail. Hill was sentenced for his position in working a Bitcoin mixing platform that authorities say processed greater than $237 million…
Federal prosecutors have charged the founding father of a Chicago-based cryptocurrency ATM firm in a multi-year money-laundering conspiracy that allegedly moved at the least $10 million in fraud and drug proceeds by crypto kiosks nationwide. Firas Isa, 36, founder and CEO of Virtual Assets LLC, which operated publicly as Crypto Dispensers, was indicted on one…
Unregistered crypto change corporations throughout Canada are exploiting regulatory gaps by facilitating massive cash-for-crypto transactions with out requiring identification verification, whereas worldwide platforms provide to ship as much as $1 million in untraceable money. An undercover investigation revealed how simply anybody can transfer cash by means of these providers with zero compliance checks, exposing a…
China’s long-running marketing campaign to limit capital flight is being undercut by its personal legal networks, which have more and more turned to Bitcoin and different digital belongings to maneuver cash throughout borders, in line with new analysis. Key Takeaways: Chinese cash laundering networks are more and more utilizing Bitcoin and USDT to bypass strict…
US monetary establishments processed $312 billion in suspicious transactions linked to Chinese language cash laundering networks between January 2020 and December 2024, in keeping with a new FinCEN analysis of 137,153 Financial institution Secrecy Act studies. These surprisingly surprising massive figures emerge as crypto exchanges face intensified regulatory scrutiny for cash laundering, regardless of conventional…
Taiwan prosecutors indicted 14 folks within the nation’s largest crypto cash laundering scheme value NT$2.3 billion ($75 million). In keeping with a UDN report, the Shilin District Prosecutor’s Workplace concluded its investigation right into a fraud ring that operated by faux Coin Change franchises, victimizing over 1,500 folks in only one yr. Foremost suspect Shi…