Illicit
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Regulation
U.S. House of Representatives Passes Financial Services Legislation Aiming To Combat Illicit Finance
The U.S. House of Representatives recently passed bipartisan legislation that would prop up a working group designed to probe the…
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Scams
Bank Employee Steals $2,100,000 From Customers, Spawns Web of Unauthorized Transactions and Illicit Accounts: DOJ Indictment
The U.S. Department of Justice (DOJ) is accusing a bank employee of creating a web of unauthorized transactions and illegal…
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Regulation
US Treasury to increase focus on combatting illicit financial activity via crypto, emerging tech
The US Treasury Department intends to place a significant emphasis on addressing the risks posed by cryptocurrencies and other emerging…
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Scams
JPMorgan Chase Blocks $100 Chocolate Purchase, Approves $49,000 Illicit Wire Transfer – Here’s Why the Bank Is Refusing To Reimburse
A couple in Atlanta says one phone call led to their entire life savings being drained from their JPMorgan Chase…
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Regulation
US senator claims Biden administration uses crypto as ‘scapegoat’ to mask failures in halting illicit finance
In a pointed critique during a Senate hearing on April 9, Senator Tim Scott accused the current US administration of…
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Regulation
US Treasury targets crypto mixers with new tools to counter illicit crypto activities
The US Treasury Department’s Office of Terrorism & Financial Intelligence (TFI) wants enhanced tools and authorities to combat illicit fund…
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Regulation
US Treasury report finds crypto use in illicit financial activity remains small but growing fraction of total flows
The U.S. Treasury Department said on Feb. 8 that its latest risk assessments show that virtual assets currently represent a…
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Scams
Illicit Crypto Transaction Volume Falls for the First Time Since 2020, According to Chainalysis
Blockchain analysis firm Chainalysis says the volume of illicit transactions in the crypto space significantly dropped in 2023, marking a…
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Regulation
Tether Protests UN Accusations of USDT Being Used in Crime, Argues Blockchains Are Impractical for Illicit Use
Tether is pushing back against recent accusations from a United Nations agency that its stablecoin, USDT, is used extensively for…
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Regulation
U.S. Deputy Treasury Secretary Wally Adeyemo Warns Crypto Industry To Take Action Against Illicit Finance
U.S. Deputy Treasury Secretary Wally Adeyemo is issuing a warning to the crypto industry, saying it must crack down on…
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