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Chainalysis said $22.2 billion was laundered via crypto in 2023, down from $31.5 billion the year before. The drop was steeper than the decrease in transaction volumes, suggesting that factors beyond just the general market downturn may have contributed to the reduction in illicit activity. The figures suggest that only about 1% of all money […]
One of the men behind BTC-e, a now-defunct crypto exchange once popular with cybercriminals and money launderers, has been arrested and charged in the U.S., the Department of Justice (DOJ) said Thursday. Source link
EBA extends AML guidelines to CASPs, addressing ML/TF risks in crypto transactions. Guidelines provide risk factors and mitigating measures, urging blockchain analytics use. Interconnected financial sector necessitates guidance for institutions dealing with CASPs. In a momentous move to combat financial crimes, the European Banking Authority (EBA) has extended its Guidelines on money laundering (ML) and […]
Since 2014, there has been a significant effort to develop and implement infrastructure to prevent, detect and investigate bitcoin and other crypto transactions. Today, there are numerous tools available for financial institutions, regulators, law enforcement and virtual asset service providers (VASPs) that enable advanced techniques and tools to track and analyze bitcoin and crypto transactions, […]