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Authorities worldwide are cracking down on illicit crypto transactions, tightening financial regulations in response to concerns over anonymity and decentralized finance. Money laundering news follows high-profile cases, new compliance frameworks, and the debate over privacy versus regulation in the blockchain space. Get the latest updates on AML enforcement.
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A California pair has been indicted on allegations of running a darknet drug operation that prosecutors say generated hundreds of thousands of dollars in cryptocurrency proceeds from fentanyl and methamphetamine sales. According to a Wednesday statement from the U.S. Department…
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Turkish prosecutors have accused 504 people of operating an alleged money laundering network that moved nearly 40 billion Turkish liras through shell companies, jewellery stores, payment providers and cryptocurrency transactions. According to a 1,548-page indictment prepared by the Istanbul Chief…
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China has proposed a series of judicial and procedural reforms to strengthen investigations, evidence handling and asset recovery in virtual currency money laundering cases, as prosecutors seek to close gaps in the country’s criminal enforcement framework. According to an article…
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Peter Stokes, 19, was extradited to the U.S. over an alleged $8M crypto ransom plot tied to Scattered Spider, DOJ says after Finnish arrest.
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China has sentenced a convicted drug trafficker to death after authorities found he laundered more than 48 million yuan, about $7.04 million, through cryptocurrency as part of a major cross-border narcotics operation. China’s Supreme People’s Procuratorate said at a June…
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China has outlined plans to strengthen anti-money laundering enforcement, expand scrutiny of virtual currency-related crime, and deepen international cooperation as authorities prepare the country’s financial security framework for the next five-year policy cycle. The People’s Bank of China said in…
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Nikkei says a fentanyl-linked Chinese network used a Japan base and fake Zksync.jp token to run crypto fraud tied to sanctioned wallets.
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Federal prosecutors have charged two alleged operators of a cryptocurrency laundering service that processed more than $389 million in transactions and received over 10,000 Bitcoin since launching in 2021. According to the U.S. Attorney’s Office for the Eastern District of…
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Chainalysis and South Korean police expand crypto crime training, certification and blockchain tracing as North Korean theft risks increase.
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ZachXBT warned traders to avoid Rain Protocol, citing alleged wallet links, low traction, price concerns, and Kraken listing issues.
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White House adviser Patrick Witt defends the CLARITY Act as lawmakers race to pass crypto rules despite police concerns before midterms now.
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Kelp DAO hacker laundered about $220M in unfrozen funds through privacy channels, leaving roughly $1.7M in original wallets.
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DOJ charged alleged Dream Market admin Owe Martin Andresen with laundering over $2M in crypto proceeds into gold bars shipped to Germany.
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Poland’s PM Donald Tusk is reviving crypto reform after Zondacrypto allegations raised fraud, money laundering, and Russia-linked concerns.
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A key figure allegedly behind the Huione network has been extradited to China, where he will face fraud and money laundering charges. A report from Hong Kong-based news outlet Ta Kung Wen Wei noted that Li Xiong, who was part…
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The U.S. Department of the Treasury has imposed sanctions on a network accused of helping North Korea generate illicit revenue through overseas information technology workers and cryptocurrency transactions. U.S. blacklists facilitators of DPRK scheme that used crypto to move illicit…
