German authorities seized $28M and 13 unlicensed cryptocurrency ATMs in a crackdown on financial crimes.
Despite privacy coins like Monero rising, Bitcoin remains the top cryptocurrency abused for criminal activities, according to Europol's report.
MASAK has released a revised guide for suspicious transaction reporting aimed at cryptocurrency service providers.
The Italian government plans to increase crypto market surveillance, imposing fines between €5,000 and €5 million for market manipulation and financial crimes.
Binance's Financial Crimes Compliance Department collaborated with Taiwanese authorities to bust a $6M crypto money laundering ring. The criminals laundered money using virtual assets, fake customer records, and forged identities.
Two individuals have been detained for allegedly laundering over $73 million in a 'pig butchering' scheme through U.S. financial institutions.
The UK's Financial Conduct Authority allocated 30% of its financial crime experts to oversee crypto businesses, highlighting the vulnerabilities of the entire financial services sector to financial crimes.
Thailand's government is enforcing new regulatory measures to block unauthorized cryptocurrency exchanges, aiming to prevent financial crimes and bolster digital transaction security.
