News with the tag "illicit finance"

The world of cryptocurrency, often lauded for its decentralized and permissionless nature, is increasingly under scrutiny for its use in illicit activities. A recent Chainalysis report has brought to light a concerning trend: sanctioned entities and jurisdictions have received a staggering $15.8 bil...

Phillip Martin told Cointelegraph that Coinbase has focused on educating lawmakers on crypto as they “make much better decisions” on regulation.

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, e...

A newly published report by Singapore’s Ministry of Home Affairs notes that the illicit use of crypto in terror financing is on the rise, though cash is still the dominant method used in transferring value. The country's terrorism threat level remains high following the October 7 2023 Hamas attacks ...

The new crypto bill, encourages public-private partnership in exploring issues surrounding illicit finance in the digital asset ecosystem. The post US House Rep. Approves Fresh Crypto Bill to Fight Illicit Finance, Forms Working Group appeared first on Cryptonews .

The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part of its broader strategy to tamp down on illicit financing.

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled over $34 billion worth of cryptocurrencies, Blockchain analytics firm TRM Labs has found.

Darwood Khan from Alix Partners looks at on-chain analytics, tracing tools and just how much illicit activity leverages crypto and discusses why advisors should learn about blockchain technology.