News with the tag "Financial crime"

Crypto laundering via cross-chain swaps has surged by 211% over the past two years, with projections reaching $21.8 billion by 2025, prompting increased efforts by blockchain analytics firms to combat this trend.

Europol, in collaboration with Spanish authorities, dismantled a global investment fraud network that scammed over 5,000 victims out of $540 million using fake crypto investment schemes and complex money laundering techniques.