Tag: illicit
U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Se [...]
Illicit crypto transactions reached all-time highs in 2022: Report
Setting aside the criminal investigations of failed crypto businesses like FTX, Celsius, 3AC, Terra and others, 2022 set the record in illicit on-chai [...]
Blockchain analytics unable to prevent FTX-level illicit schemes
Data transparency has been a focal point for the crypto industry, but the FTX fiasco has shown that centralized exchanges (CEX) are not transparent en [...]
Illicit Financial Flows in Fishing industry, forex bureau, imports and exports take nosedive
Illicit Financial Flows (IFF) have nosedived in the Ghana’s Fishing industry, forex market, imports and exports, the main conduits of the econo [...]
Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them
Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2 [...]
US Treasury Wants Public to Comment on Crypto’s Role in Illicit Finance
“The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist and proliferation financing, fr [...]
South Korea Says 75% Of Illicit Forex Transactions In The Country Are Crypto-Related
A significant number of cryptocurrency holders reside in South Korea. As the bitcoin sector becomes more mainstream, the [...]
Elliptic Says RenBridge Was Used to Launder $540M Illicit Funds
Research from Elliptic show RenBridge
www.coindesk.com [...]
Crypto mixers’ popularity booms as illicit addresses push volumes to ATH: Report
As on-chain activities slow down during the crypto winter, usage of cryptocurrency mixers has doubled in 2022, with addresses classified as "illicit" [...]
Watch Out for Illicit Actors Gaming Crypto Games
Even before the advent of P2E crypto, anti-money laundering experts have flagged the illicit finance risks around online gaming. In 2019, researchers [...]
Illicit crypto usage as a percent of total usage has fallen: Report
Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according to blockchain [...]
Treasury Announces 2022 National Illicit Finance Strategy – Forex Factory
Treasury Announces 2022 National Illicit Finance Strategy Forex Factory
www.forexfactory.com [...]
AUSTRAC releases 2 new guides to help spot illicit crypto use
Australian financial compliance enforcement agency AUSTRAC has released two new guides to help entities to spot when customers are using crypto for il [...]
Coinjoin BTC mixing tool to block illicit transactions
CoinJoin, a popular Bitcoin (BTC) mixing tool, will block transactions associated or flagged as illegal. The announcement came from the official Wasab [...]
Coinbase Global Inc bans 25,000 Russian addresses engaged in ‘illicit activity’
This followed from Visa and Mastercard suspending operations in Russia over the weekend and many experts claiming that the country may escape the West [...]