Money Laundering

A London man has denied charges of running an illegal cryptocurrency ATM business and laundering £300,000 without FCA authorisation. Currently out on bail, his next hearing is slated for 7 November.

The UNODC report highlights the growing use of cryptocurrency and AI by organised crime groups in Southeast Asia, emphasising the challenges governments face in containing the situation.

A 21-year-old Indiana cybercriminal has pleaded guilty to a $37 million crypto scam, defrauding 571 victims in a 2022 cyberattack. By exploiting a real client's identity, he faces serious legal consequences, marking a key step toward justice in this major cybercrime case.

Binance does not automatically freeze crypto wallets at the request of the Israeli military. After independent investigations, the company blocked only 14% of the wallets flagged by the IDF, rejecting the remaining 86% due to insufficient evidence of illicit activity.

A UN report reveals that criminal networks in Southeast Asia use Telegram for large-scale illicit activities, such as trading hacked data and cybercrime tools. This follows scrutiny of Telegram’s founder, Pavel Durov, over the platform’s role in these activities. Can this popular messaging platform catch a break?

Two recent forfeiture actions by the US Attorney for DC have revealed North Korean crypto hackers' laundering methods, with the government seeking to seize about $2.7 million in stolen crypto. As such cases increase, one must ask: Is crypto crime a growing cybersecurity threat?

The Australian Federal Police reported that an analyst deciphered the seed phrase for a crypto account, leading to the seizure of $6.4 million during an investigation targeting the alleged mastermind behind an app used by criminal syndicates.

Olumide Osunkoy faces prosecution on multiple charges related to the operation of crypto ATMs across the UK. He could spend up to 26 years in jail if convicted of all charges.

U.S. authorities charge two Russian citizens for operating a cryptocurrency money laundering service, announcing a $10 million bounty for information on them, amid ongoing efforts to combat cybercrime linked to Russia.

The DOJ’s crackdown on Russian money laundering networks marks a significant move in the fight against cybercrime, particularly in the crypto space. With the cooperation of international agencies, the U.S. has targeted major players, seized key domains, and dealt a substantial blow to illicit financial operations tied to Russia. This action demonstrates the increasing global effort to safeguard financial integrity and counter the growing threat of cybercrime.