Moneyval on virtual assets in 2021 annual report

Virtual assets are abused to launder proceeds from fraud and corruption, as well as for tax evasion. There is suspicion that some of the smaller cryptocurrencies are being set up specifically with the motive of laundering. The larger virtual assets are seeing heavy...

OFAC designates facilitators of Russian sanctions evasion

OFAC designated Russian commercial bank Transkapitalbank and a global network of more than 40 individuals and entities led by U.S.-designated Russian oligarch Konstantin Malofeyev, including organizations whose primary mission is to facilitate sanctions...

FBI establishes New Virtual Assets Unit

The FBI announced the creation of the Virtual Assets Unit (VAU), where intelligence, technology, and operational support will flow to other divisions. In the VAU, virtual currency experts and cross-divisional…