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INTERPOL cracks down on cyber-enabled financial crimes across 40 countries, seizing $342M in govt-backed currencies and $97M in assets, including $16M in cryptocurrency

by Jyotsna Bucktowar | Sep 24, 2025

Authorities blocked over 68,000 bank accounts and froze nearly 400 crypto wallets linked to frauds such as voice phishing, romance scams, online sextortion, investment fraud, money laundering from illegal online gambling, business email compromise, and e-commerce...

FinCEN alerts FIs of increasing misuse of convertible virtual currency (CVC) kiosks for scam payments and illicit activity, highlighting red flags and BSA reporting obligations

by Jyotsna Bucktowar | Aug 4, 2025

The notice highlights how these kiosks, while convenient for legitimate users, are increasingly exploited by scammers and other illicit actors, including those involved in cybercrime and drug trafficking. FinCEN emphasizes the importance of identifying red flags, such...

FINTRAC issues an advisory on the role of virtual currency automated teller machines in laundering the proceeds of crime

by AdrianaAMLP | May 20, 2024

Describes key attributes of virtual currency automated teller machines activity in Canada suspected of being related to money laundering or terrorist activity financing. In particular, suspicious transactions involving virtual currency automated teller machines are...

Treasury designates Roman Semenov, co-founder of sanctioned virtual currency mixer Tornado Cash

by Jyotsna Bucktowar | Aug 23, 2023

Concurrent Treasury sanctions and DOJ indictments hold to account founders of mixing service that laundered stolen virtual assets for North Korea…

FinCEN issues Enforcement Order against Crypto Exchange Bitzlato in First-Time Use of Section 9714(a)

by AdrianaAMLP | Jan 18, 2023

FinCEN determined that Bitzlato is a FI operating outside of the US that is of primary money laundering concern in connection with Russian illicit finance.The order prohibits certain transmittals of funds involving Bitzlato by any covered FI. Bitzlato poses a global...
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Recent Posts

  • Egmont Group Chair champions global FIU collaboration at AMLP Forum’s 19th Annual Conference
  • EP and the Council of the EU secure a landmark payments deal that clamps down on online fraud
  • FinCEN alerts FIs, especially MSBs to heighten vigilance over cross-border transfers
  • FINTRAC publishes Operational Alert, Laundering the Proceeds of Online Child Sexual Exploitation, introducing new indicators to help businesses detect and report financial transactions linked to OCSE
  • UK SFO releases updated Guidance on Evaluating Corporate Compliance Programmes, integrating the new ‘failure to prevent fraud’ offence and spotlighting 6 scenarios, from prosecution decisions to DPA eligibility and monitorships

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