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NEWS: US crypto scam losses surged 66% in 2024, says FBI

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Federal Bureau of Investigation [FBI] - FILE PHOTO, REUTERS/Yuri Gripas

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NEWS: IMF says Argentina dollar measures must comply with AML schemes

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NEWS: EBA confirms it will transfer AML powers to AMLA on 31 December 2025

NEWS: Prominent ‘TikTok lawyer’ Akhmed Yakoob charged with money laundering offences

By A.J. Vicens

AMERICANS lost $9.3 billion in cryptocurrency scams and fraud schemes last year, according to the U.S. FBI.

The agency also found that cybercrime of all types, including cryptocurrency scams, rose to $16 billion last year. This was a 33% rise compared to 2023.

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Premium

NEWS: IMF says Argentina dollar measures must comply with AML schemes

 Premium

NEWS: EBA confirms it will transfer AML powers to AMLA on 31 December 2025

NEWS: Prominent ‘TikTok lawyer’ Akhmed Yakoob charged with money laundering offences

Regulatory Watch News

  • SEC Charges Former Real-Estate Investment CEO with Operating Multimillion Dollar Ponzi-Like Scheme

    SEC

    Washington D.C., May 22, 2025 —
    The Securities and Exchange Commission today charged San Francisco Bay Area resident Kenneth Mattson, the former CEO of real estate investment business LeFever Mattson, with defrauding approximately 200 investors of at least $46 million by selling them fake interests in real estate investment limited partnerships. Many of these investors were retired senior citizens Mattson met through his church community.

  • Law Enforcement Seize Record Amounts of Illegal Drugs, Firearms, and Drug Trafficking Proceeds in International Operation Against Darknet Trafficking of Fentanyl and Opioids; 270 Arrested Across Four Continents

    US Department of Justice

    Today, the Attorney General and the Department of Justice’s Joint Criminal Opioid and Darknet Enforcement (JCODE) team, and international law enforcement partners announced the results of Operation RapTor, including the arrests of 270 dark web vendors, buyers, and administrators in Austria, Brazil, France, Germany, the Netherlands, South Korea, Spain, Switzerland, the United Kingdom, and the United States. Operation RapTor resulted in the highest number of seizures of any JCODE operation, including more than $200 million in currency and digital assets, over two metric tons of drugs, 144 kilograms of fentanyl or fentanyl-laced narcotics, and over 180 firearms.

  • OLAF and Romanian authorities lead the way on digital tools to safeguard EU budget

    OLAF

    The European Anti-Fraud Office (OLAF), the Romanian Police and Romania’s Department for the Fight Against Fraud (DLAF), are hosting European anti-fraud specialists in Bucharest to discuss the use of digital tools to fight fraud against the EU budget. The meeting aims to strengthen cross-border cooperation and improve the detection and investigation of fraud through advanced digital means.  

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