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UK Authorities Prioritize Crypto Crime to Tackle Large-Scale Illicit Transfers
The UK National Economic Crime Centre (NECC) has released its latest annual report, highlighting a significant shift in how criminal organizations utilize digital assets to circumvent law enforcement. According to the d…
UK Police Seize $1.4 Million in Crypto Linked to Dark Web Marketplace
British law enforcement authorities have successfully confiscated digital assets and fiat currency valued at approximately $1.4 million, originating from illicit activities on the dark web. The seizure, which included 2…
Cambodia and US DEA Dismantle Sinaloa Cartel Crypto Laundering Ring
Authorities from Cambodia and the United States have successfully dismantled a sophisticated financial network utilized by the Sinaloa cartel to launder illicit funds through digital assets. The joint operation, conduct…
Brazil Dismantles Cybercrime Ring Using Crypto to Launder $740,000
The Joint Task Force against Organized Crime (FICCO/RO) in the Brazilian state of Rondônia has launched a significant operation against a criminal organization specialized in electronic fraud and money laundering. Law e…
Procuratorate Daily Calls for New Legal Framework for Crypto Laundering
The Procuratorate Daily has published a comprehensive analysis titled "Systematically Solving the Dilemma of Criminal Legal Regulation for Money Laundering Using Virtual Currency", highlighting the urgent need for judic…
China Boosts Anti-Money Laundering Measures for Virtual Currencies
The People's Bank of China (PBoC) has announced a significant escalation in its efforts to combat financial crimes involving virtual currencies and cross-border money laundering. During a recent statement, Xuan Changnen…
Teenager Convicted in $50M Crypto Scam After Miami Traffic Stop
A 19-year-old Canadian national, Trenton Johnston, has pleaded guilty to charges related to a massive cryptocurrency fraud scheme that netted approximately $50 million. The investigation, which began following a routine…
UK Imposes Sanctions on Xinbi Over Southeast Asian Fraud Links
The British government has officially announced the imposition of sanctions against the cryptocurrency trading platform Xinbi, citing the exchange's alleged role in facilitating money laundering for telecommunications f…
Xiangtan Court Sentences Eight in 6.84M Yuan Crypto Laundering Case
The Yue'tang District Procuratorate in Xiangtan City has successfully dismantled a sophisticated money laundering operation that utilized virtual currency to disguise illegal proceeds as high-end liquor transactions. Au…
Chinese Police Dismantle Major Virtual Currency Laundering Network
Authorities in the Dezhou district of Shandong province have successfully disrupted a sophisticated criminal operation utilizing digital assets to facilitate illegal fund transfers. The investigation, which originated f…