The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.
November 1, 2023FIs are encouraged to actively identify customers with a nexus to cryptocurrencies, and to apply EDD where ML/TF and sanctions risks are assessed to be higher.
July 17, 2023The guidance says money remittance services, banks, DPT service providers, precious stone and metals dealers, and non-profit organisations are vulnerable to TF threats.
May 29, 2023The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.
March 16, 2023Angela Ang considers findings from the first empirical study of crypto-related court cases in Australia, and what this means the crypto crime and enforcement landscape.
March 16, 2023The bill would categorise all crypto firms as money transfer businesses, requiring them to implement AML programmes and prohibiting the use of crypto mixers.
December 20, 2022Jurisdictions have made "only limited progress" over the last year to implement the travel rule in the crypto industry, the FATF says.
July 1, 2022Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing "heavy" manipulation.
May 11, 2022Financial services businesses are asked to use the indicators in the guides in transaction monitoring to detect potential illicit activity and file SMRs.
April 21, 2022A new Europol report highlights that the illicit use of crypto includes "all types of crime that require transfers of monetary value".
January 29, 2022