Money Laundering

Highlights: China’s top court will study clearer rules for virtual currency-related legal disputes. The move focuses on legal clarity, not reopening crypto trading or changing China’s strict policy. Courts also aim to protect investors, punish financial crimes, and support the […]

Highlights: South Korean police are cracking down on illegal crypto shops used to launder stolen money. Criminal groups convert stolen cash into Tether to move funds overseas and avoid detection. Police will train investigators in crypto tracing and have secured […]

Highlights: UK regulators targeted eight London sites in their first joint crackdown on illegal peer-to-peer crypto trading. The FCA said no peer-to-peer crypto traders are registered, making such business activity illegal. Authorities warned that unregistered crypto traders may support money […]

Highlights: Cambodia’s parliament approved its first anti-scam law to target online fraud and related crimes. The law sets prison terms and fines for scam operators, recruiters, and money launderers. The move follows rising global pressure and fresh sanctions tied to […]

Highlights: Irish authorities seized €30 million in Bitcoin from a wallet linked to crime. Europol helped Irish investigators access the crypto wallet with technical and decryption support. The breakthrough moves forward a long-running case involving 6,000 Bitcoin tied to Clifton […]

Highlights: Arizona officials reported losses after scammers increasingly used crypto ATMs to target residents. Crypto ATM scams often rely on fear and urgency to manipulate their victims. The new state rules limit transactions and require refunds when victims report fraud. […]

Highlights: Alvin Bragg has noted that unlicensed crypto operations let criminals move billions with little oversight. High-fee crypto ATMs help criminals avoid banks and weaken money laundering enforcement. Pig-butchering scams have exposed the limits in tracing and recovering stolen crypto […]

Highlights: Users have rushed to Huione offices after a sudden freeze on withdrawals created panic and raised concerns over delayed access. Huione Pay has shut down after a severe run on funds, and the long repayment delays have increased pressure. […]

Highlights: Canadian authorities dismantle TradeOgre, recovering $56 million CAD in digital assets. Investigation uncovers criminal networks using the exchange for money laundering operations. Platform’s shutdown underscores growing regulatory focus on crypto compliance and security. Canadian authorities have confiscated $56 million […]

Highlights: Thai police arrested a South Korean man in a $50M crypto-to-gold laundering scheme. The laundering involved crypto accounts and gold bar shipments. Taiwan also indicted 14 suspects in a separate $70M crypto laundering case. At the Suvarnabhumi Airport in […]

Highlights: New Zealand will ban crypto ATMs, cap transfers to stop illegal money from moving overseas. New rules ease AML burdens for low-risk businesses and target high-risk criminal activity. Criminals use crypto ATMs to send money for drugs and scams […]

Highlights: Hong Kong is creating a crypto tracker system with the University of Hong Kong. Seven laundering cases using crypto have involved over HK$9 billion since 2021. An agency training workshop was conducted involving eight countries. The University of Hong […]