The Latest FinCrime News about Crypto
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Italy Dismantles Romance Scam-Related Money Laundering Network
The Guardia di Finanza in Italy dismantled a network involved in Transnational Money Laundering Operations in Europe after identifying a 900,000€ romance and investment scams.
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Austrian FMA Bans KuCoin EU From New Business for Compliance Failures
The Austrian FMA has banned KuCoin EU Exchange GmbH from new business due to a lack of suitable officers for the prevention of money laundering.
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The Bare Reality Behind the 2024-2025 FATF Report
FATF effectiveness gaps reveal persistent weaknesses in money laundering and counter-terrorism financing enforcement despite improved technical compliance.
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The Binance One Billion Dollar Iran Sanctions Gap and Possible AML Tool Failure
A reported $1 billion in Iran linked flows challenges the claim that Binance anti-money laundering tools are enough to secure exchanges against sanctions risks.
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VASP Paxful Fined $4M For AML Failures and Illegal Prostitution Promotion
Paxful sentenced to 4 million dollar penalty for Virtual Asset Service Provider Compliance Failures and facilitating illicit trades for prostitution and fraud.
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Crypto Investment Scam Kingpin Sentenced to 20 Years for Laundering 73 Million Dollars
Daren Li, a crypto investment scam kingpin, was sentenced to 20 years in prison for his role in a virtual asset investment trap that laundered over $73 million through a sophisticated network of shell companies and international accounts.
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Wyoming Lawmakers Propose Strict Crypto ATM Regulations After $3 Million Loss
Wyoming lawmakers propose strict virtual currency kiosk regulations after residents lost 3 million to scams. The bill enforces AML and licensing rules.
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UK Imposes Strict Controls Over Cryptoasset Sanctions Evasion
The UK Office of Financial Sanctions Implementation has intensified its crackdown on cryptoasset sanctions evasion by launching a multiagency cell to disrupt illicit financial flows and target UK-based individuals using digital currencies.
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Chainalysis Data on 16.1 Bn$ Chinese Money Laundering Networks
A Chainalysis report reveals how 16.1 billion dollars moved through Chinese Money Laundering Networks using Transnational Asset Obfuscation in 2025.
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Crypto Queen Associate Must Repay £5.6 Million After Helping Business Continue
The crypto queen associate Seng Hok Ling must repay over £5.6 million following a major Southwark Crown Court confiscation order linked to the Zhimin Qian fraud.
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India Fines Non-Compliant Crypto Platforms Amid Privacy Coin Ban
The Financial Intelligence Unit of India has implemented a strict Anti-Money Laundering Framework for Privacy Coins, fining non-compliant platforms up to 9.27 crore rupees to curb anonymous digital asset transactions.
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South Korean Authorities Bust Crypto Laundering Ring Worth 102M$
The Korea Customs Service dismantled a criminal ring that used cryptocurrency money laundering to move 150 billion won via fake medical and tuition fees.
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Is X the New High Risk Frontier for Global Money Laundering
Industry leaders raise alarms over the lack of Know Your Customer protocols as X moves toward crypto trading. The platform faces major AML hurdles in its expansion.
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Nigeria Mandates Strict Identity Linkage to Curb Crypto Laundering
Nigeria has introduced a strict Nigerian Crypto Anti-Money Laundering Framework that links all digital asset transactions to national identification numbers to eliminate anonymity and prevent the laundering of illicit funds through exchanges.
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Prince TCO Founder Chen Zhi Arrested Amid 15 Billion Asset Seizure
The arrest of Chen Zhi for Prince TCO Money Laundering follows a record 15 billion dollar asset seizure by the DOJ, exposing a global web of fraud and forced labor.
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49 Crypto Firms Now Under FIU-India Watch to Prevent Money Laundering
India has registered 49 crypto exchanges with the FIU to bolster Crypto Compliance and combat money laundering through virtual digital assets.
Other News About Crypto
Italy Dismantles Romance Scam-Related Money Laundering Network
The Guardia di Finanza in Italy dismantled a network involved in Transnational Money Laundering Operations in Europe after identifying a 900,000€ romance and investment scams.
Austrian FMA Bans KuCoin EU From New Business for Compliance Failures
The Austrian FMA has banned KuCoin EU Exchange GmbH from new business due to a lack of suitable officers for the prevention of money laundering.
The Bare Reality Behind the 2024-2025 FATF Report
FATF effectiveness gaps reveal persistent weaknesses in money laundering and counter-terrorism financing enforcement despite improved technical compliance.