Stablecoins, cryptocurrencies pegged to traditional currencies, are increasingly under the spotlight for their role in illicit finance. While designed to provide price stability and facilitate global payments, they have become tools for criminals to launder money, bypass capital controls, and evade international sanctions. Law enforcement agencies have documented cases where stablecoins were used to move… Continue reading Stablecoins Under Scrutiny: How Digital Assets Are Exploited for Money Laundering and Sanctions Evasion
Tag: Money Laundering
Global Crackdown on Cryptocurrency Fraud Nets Network Laundering Over €700 Million
International law enforcement agencies have dismantled a sprawling cryptocurrency fraud network responsible for laundering more than €700 million. The operation, spanning multiple countries, highlights the growing sophistication of crypto-enabled financial crimes, including Ponzi schemes, money laundering, and digital asset theft. Authorities coordinated across borders, freezing assets, arresting key suspects, and seizing digital wallets. This takedown underscores… Continue reading Global Crackdown on Cryptocurrency Fraud Nets Network Laundering Over €700 Million
Global Crypto Exchange Faces Lawsuits Over Alleged Hamas Money-Laundering Linked to October 7 Attacks
In the aftermath of the October 7 attacks, hundreds of victims have initiated legal action against one of the world’s largest cryptocurrency exchanges, alleging that the platform facilitated money-laundering activities for Hamas. The lawsuits claim that the exchange allowed illicit transfers and failed to implement adequate anti-money laundering (AML) controls, enabling terrorist financing. Legal experts… Continue reading Global Crypto Exchange Faces Lawsuits Over Alleged Hamas Money-Laundering Linked to October 7 Attacks