by Jyotsna Bucktowar | Sep 12, 2024
Point Running scams in China deceive victims by promising rewards for transferring cryptocurrency, but often involve them unknowingly laundering funds. In some cases victims are tricked into depositing crypto into fraudulent platforms, as seen in a case where a...
by Jyotsna Bucktowar | Sep 10, 2024
London-based Olumide Osunkoya is charged with running illegal crypto ATMs and handling £2.6 million in transactions from December 2021. FCA’s warned that illegal crypto ATMs contribute to global ML and emphasized that there are no legally operating crypto ATMs...
by Jyotsna Bucktowar | Sep 9, 2024
The FBI’s Internet Crime Complaint Center reports that the rising popularity of cryptocurrencies like bitcoin and ether, driven by surging prices and new exchange-traded funds, has also attracted more criminal activity. Although blockchain transactions are...
by Jyotsna Bucktowar | Aug 21, 2024
BaFin’s crackdown involved coordinated raids across 35 locations in Germany, seizing 13 unregistered cryptocurrency ATMs operating illegally under Section 32 of the German Banking Act. These ATMs facilitated euro-crypto exchanges, posing significant risks to the...
by Jyotsna Bucktowar | Jul 22, 2024
The Australian Government is dedicated to collaborating with international partners to exchange intelligence and bolster defenses against ML threats at domestic, regional, and global levels. This effort is supported by various multilateral and bilateral agreements...
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