BITPRISMIA
The Bank for International Settlements (BIS) proposes using blockchain history to create an anti-money laundering (AML) compliance score for crypto transactions, aiming to protect off-ramping institutions.
Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS) due to compliance failures, including inadequate oversight of Binance USD (BUSD) and weak anti-money laundering controls.
The content appears to be promotional material for cryptocurrency gambling platforms, highlighting various bonuses and features.
Samourai Wallet co-founders had their lawsuit dropped by the DOJ, which is no longer pursuing cases based on withheld internal communications from FinCEN, while Tornado Cash faces similar legal action.
The co-founders of Samourai Wallet, a Bitcoin privacy tool, pleaded guilty to operating an unlicensed money transmission business, highlighting increased regulatory scrutiny on crypto mixers and privacy-enhancing technologies.
Telegram has banned major scam networks involved in $35 billion of illicit USDT trades, marking a significant step in global efforts to combat cryptocurrency-related financial crimes.
A former Chinese tech executive was sentenced to 14.5 years for embezzling $19.5 million using cryptocurrency, highlighting the role of blockchain forensics in combating digital financial crimes.
Chinese authorities uncovered a $20 million Bitcoin laundering scheme involving insiders at Kuaishou, highlighting vulnerabilities in digital platforms and the increasing capability of law enforcement to trace crypto-related crimes.
U.S. prosecutors are seeking to recover $7.1 million in cryptocurrency linked to an oil and gas fraud scheme involving Geoffrey K. Auyeung, highlighting the challenges and methods of tracking illicit crypto transactions.
Tether successfully blocked R$32 million linked to a money laundering operation in Brazil, showcasing its role in combating illicit crypto activities through collaboration with authorities and blockchain forensics.