AUSTRAC Targets Crypto ATM Operator for Money Laundering Risks

[ad_1] The Australian financial crime regulator has taken action against crypto ATM operator Cryptolink for its failure to report large cash transactions on time. Crypto ATMs Labeled ‘Highest-Risk’ Channel for Money Laundering... Read more »

New Zealand Says Crypto ATM Ban Aims to Close Money Laundering Loophole

[ad_1] The New Zealand government has announced it is banning crypto ATMs as part of its efforts to enhance anti-money laundering and counter-financing of terrorism measures. New Zealand Says It Is Targeting... Read more »

US Crypto Exchanges a ‘Blind Spot’ in North Korea Laundering Scheme

[ad_1] North Korean developers, operating as fake freelancers, have reportedly amassed over $16.5 million this year by infiltrating crypto and traditional tech companies, according to crypto sleuth ZachXBT. U.S. Exchanges Used to... Read more »

Crypto Money Laundering: Aussie Agency to Target Crypto ATM Providers

[ad_1] Australia’s financial intelligence agency has said it will crack down on cryptocurrency ATM providers to combat money laundering and scams. Task Force Targets Crypto ATMs The Australian Transaction Reports and Analysis... Read more »

South Korea Vows to Crack Down on Crypto Money Laundering

[ad_1] South Korea’s financial regulator says it is taking steps to combat money laundering and other financial crimes involving virtual assets. Virtual Assets and Financial Crime The head of South Korea‘s financial... Read more »

China Moves to Address Crypto Money Laundering Activities With New Law Draft Revision

[ad_1] China is moving to update its legislation to tackle new money and cryptocurrency money laundering crimes. The Chinese Congress is set to introduce new money laundering concepts in the second review... Read more »

BTC-e crypto exchange operator pleads guilty to money laundering in the U.S.

[ad_1] Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, pled guilty to charges of money laundering conspiracy in the US on May 3, according to a Bloomberg report. BTC-e... Read more »

EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

[ad_1] A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the... Read more »