Recent investigations into crypto casinos in the UK have uncovered how they’ve facilitated money laundering, highlighting a lack of compliance with anti-money laundering (AML) regulations. Despite existing AML […]
Crypto Transfers Surge By 1,400%, Raising Alarm Bells in South Korea and Cambodia
A dramatic surge in cryptocurrency transfers between South Korea and Cambodia has ignited concerns among financial regulators. Data from South Korea’s Financial Supervisory Service (FSS) reveals a staggering […]
Operation Catalyst: 83 Arrests in Africa Unmask Massive Crypto Ponzi Scheme, Terrorism Links
A joint INTERPOL and AFRIPOL operation, Operation Catalyst, has resulted in the arrest of 83 individuals across six African nations. This unprecedented crackdown exposed a massive $562 million […]
Congress Aims to Modernize Bank Secrecy Act Reporting Thresholds
A group of US senators, led by Senator Tim Scott (R-SC), have introduced legislation to update the Bank Secrecy Act, a foundational law for anti-money laundering (AML) in […]
Ukrainian Authorities Arrest Odessa-Based Organizer of $25 Million Shadow Network
Law enforcement in Ukraine has uncovered a large-scale illegal financial network that caused estimated losses of over $25 million USD. The mastermind behind the scheme, Igor Tuknik, a […]
Indian Authorities Seize $280M in Crypto Assets, Arrest OctaFX Ponzi Mastermind
The Indian authorities have seized over $280 million in crypto assets and arrested Pavel Prozorov, the alleged mastermind behind the OctaFX Ponzi scheme, in Spain. This action comes […]
Celebrity Hairstylist Faces Fraud Charges After Multi-Million Crypto Scam
Jawed Habib, a well-known celebrity hairstylist, and his son Anos Habib have been implicated in a multi-million dollar crypto fraud case. The pair allegedly tricked over 100 investors […]
Australia Tightens Grip on Crypto ATMs amid Surge in Scams & Money Laundering
As crypto ATM installations surge across Australia, posing a growing threat to financial security, the government is taking action. New powers have been granted to AUSTRAC to target […]
Billionaire Businessman Fleeing After $1.8B Bitcoin Scam Leaves Cryptocurrency World in Jeopardy
A Cambodian businessman, Chen Zhi, chairman of Prince Group, is suspected to have orchestrated a massive $1.8 billion Bitcoin scam dubbed
US and UK Target Prince Group in Major Crackdown on Cryptocurrency Fraud
A global crackdown on cryptocurrency fraud has been initiated, with the United States and the United Kingdom jointly sanctioning the Prince Group for orchestrating a vast scam network. […]
Russia Proposes National Crypto Bank for Financial Crime Prevention
Russia’s government is exploring a new approach to combat financial crimes and boost revenue through the creation of a national crypto bank. The initiative, spearheaded by policymakers Yevgeny […]
U.S. Targets 19 Entities for Role in Cryptocurrency Investment Scams from Southeast Asia
The U.S. Department of the Treasury has taken action against 19 entities based in Myanmar and Cambodia that are alleged to be involved in cryptocurrency investment scams targeting […]
US Cracks Down on Cryptocurrency Scams Linked to Human Trafficking
The U.S. Department of the Treasury has taken a decisive stance against criminal networks involved in cryptocurrency scams, targeting 19 organizations operating in Myanmar and Cambodia. These groups […]
Beijing Financier’s Assets Seized in Crypto Crime Case, Raising Regulatory Questions
Authorities have seized assets belonging to Song Shijie, a prominent Beijing financier, in a cross-border investigation into illegal securities trading. The UK’s National Crime Agency has confiscated his […]
Cred LLC Leaders Sentenced For Crypto Fraud Case
Two former executives of San Francisco-based crypto lender Cred LLC have been sentenced to prison for their role in the company’s November 2020 collapse. Daniel Schatt, Co-Founder and […]