Category: Tech

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UK Financial Conduct Authority blasts Binance saying it is ‘not capable’ of properly supervising crypto exchange despite ‘significant risk’

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‘Financially and emotionally devastated;’ eight charged after multi-million dollar elderly fraud scheme shut down in United States

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Binance forced to introduce stricter background checks as crypto exchange grapples with AML concerns

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LATEST: N26 may be prohibited from accepting new customers as bank struggles with substandard customer due diligence

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Binance announces former IRS investigator as head of new AML reporting team; troubled exchange continues drive for compliance professionals

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US man pleads guilty to running bitcoin-laundering service in $300 Million crypto operation

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Binance to invest in Compliance roles as US regulatory scrutiny grows

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TOKENS: ‘Sinister and twisted’ – crypto expert warns of growing threat of money laundering through NFTs

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Tricks of the trade, how criminals have devised new ways to ‘clean’ dirty crypto

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‘We are very glad to put this behind us;’ Global crypto exchange BitMEX to pay $100M for repeated failures in AML and KYC

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Mexico’s Financial Intelligence Unit identifies 12 unregistered digital currency exchanges ‘operating illegally’

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United States SEC chief Gary Gensler calls for tighter crypto regulations as a result of sector ‘rife with fraud, scams and abuse’

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Panamanian Doctor Pleads Guilty in Criminal Fraud Case Expected to Save U.S. Government $25M
US Department of Justice
April 15, 2025
Based on assistance provided by the United States, Panamanian authorities have obtained a criminal plea from Dr. Rolando Chin, a surgeon residing in Panama, in connection with a widespread fraud scheme perpetrated against the Department of Veterans Affairs (VA) by Dr. Chin and others in Panama. The Department of Justice, the Department of State, and VA initially uncovered rampant fraud perpetrated by various medical doctors and pharmacies in Panama making claims to the VA’s Foreign Medical Program (FMP), which supports vital medical care for U.S. veterans living abroad.
Encrypted app intelligence exposes sprawling criminal networks across Europe
Europol
April 15, 2025
Law enforcement authorities across Europe and Türkiye have dismantled four major criminal networks responsible for fuelling the flow of drugs into the EU and Türkiye, following a series of coordinated raids supported by Europol. These results were made possible by the continued exploitation of encrypted communication platforms, including Sky ECC and ANOM, which remain powerful tools in the hands of investigators.
Unmasking the drug pipelines into Europe
On 15 April, coordinated raids took place in several European countries and Türkiye, targeting both the leadership and logistical arms of these criminal networks. A total of 232 suspects have been arrested, including High Value Targets who played a pivotal role in drug trafficking and money laundering operations.
France: EPPO carries out searches and arrests seven people in probe into VAT fraud involving luxury cars
European Public Prosecutor's Office
April 15, 2025
(Luxembourg, 15 April 2025) – The European Public Prosecutor’s Office (EPPO) in Paris (France) has carried out searches and arrested seven suspects in several cities in France, in a probe into an alleged VAT fraud involving valuable vehicles, conducted between 4 February and 10 April 2025. On 11 April 2025, three of the suspects were charged with organised fraud, money laundering, criminal conspiracy and abuse of vulnerable persons. They are subject to coercive and preventive measures, including prohibition to speak to other suspects.