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Cryptocurrency and Anti-Money Laundering (AML) Compliance in 2024


Cryptocurrency has revolutionized the financial sector, providing a decentralized and borderless means of transferring value. However, with its rapid adoption, […] The post Cryptocurrency and Anti-Money Laundering (AML) Compliance in 2024 appeared first on

DOJ Charges 21-Year-Old in $37M Cyber Intrusion and Crypto Heist


A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of victims. His actions involved stealing personal data and cryptocurrency worth over $37 million, with law enforcement crediting significant investigative efforts...

FCA Secures First Conviction for Illegal Crypto ATM Operation in UK


Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under...

Tether Helps Dutch and US Authorities Seize $7.8M in Crypto


Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and...

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