by Jyotsna Bucktowar | Oct 9, 2024
The report reveals billion-dollar cyberfraud industry expands in Southeast Asia as criminals adopt new technologies. Cryptocurrency is increasingly being used by these syndicates as a method for money laundering, providing a decentralized and relatively anonymous...
by AdrianaAMLP | Sep 26, 2024
Order identifies PM2BTC—a Russian virtual currency exchanger associated with Russian individual Sergey Sergeevich Ivanov (Ivanov)—as being of “primary money laundering concern” in connection with Russian illicit finance. Concurrently, OFAC is sanctioning Ivanov and...
by Jyotsna Bucktowar | Sep 26, 2024
Cryptocurrency confidence investment schemes begin by criminals contacting potential victims through seemingly misdirected text messages, dating applications, or professional meetup or investment groups. Next, using various means of manipulation, the criminal gains...
by AdrianaAMLP | Sep 13, 2024
In 2023, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses. Criminal actors exploit...
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...
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