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NEWS: FBI reports losses from cryptocurrency scams surged by 45% to $5.6 billion

Premium September 10, 2024

Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

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NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

NEWS: Germany’s BaFin says senior bank staff should have better IT knowledge under new DORA rules

By Paul O’Donoghue, Senior Correspondent

Losses from cryptocurrency-related frauds and scams jumped by 45% last year, according to the FBI.

The organisation said criminals are increasingly taking advantage of the speed and irreversibility of digital asset transactions.

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NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

NEWS: Germany’s BaFin says senior bank staff should have better IT knowledge under new DORA rules

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  • FINTRAC imposes an administrative monetary penalty on Coinseason Capital Inc.

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