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Money laundering
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Standard Chartered CEO Says "Bad Guy" Russian Accounts Closed Due to Sanction Evasion
Standard Chartered CEO Bill Winters said the bank has closed accounts after discovering Russian money laundering groups attempting to circumvent Western sanctions imposed over the conflict in Ukraine.
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UAE and Sweden arrest 7 members of a suspected crypto money laundering gang, involving $7.1 million and linked to a contract killing case.
UAE and Sweden arrest 7 members of a suspected crypto money laundering gang, involving $7.1 million and linked to a contract killing case.
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UK FCA executive director Steve Smart warns financial crime threat is worsening, with over £100bn laundered annually in the UK
Steve Smart, the executive director of enforcement and market oversight at the UK Financial Conduct Authority (FCA), stated at the Law Society Economic Crime Conference 2026 that fraud accounted for n
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Maduro Fixer Saab Pleads Guilty in US Money-Laundering Case
Maduro Fixer Saab Pleads Guilty in US Money-Laundering Case
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Mexican Authorities Uncover Suspected Cartel-Linked Crypto Mining Farm
Mexican authorities are investigating a clandestine crypto-mining operation in Puebla suspected of laundering illicit funds, Reuters reports. Police discovered 300 GPUs and extensive power infrastruct
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The U.S. Department of Justice acknowledges Tether's assistance in combating global crypto fraud networks, an operation that froze over $52 million in cryptocurrencies.
Tether announced today that the U.S. Department of Justice (DOJ) has recognized its active assistance in combating an international cryptocurrency fraud, money laundering, and scam operation network.
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22-year-old crypto ringleader Malone Lam pleads guilty to $245 million racketeering scheme
Malone Lam, a 22-year-old Singaporean citizen residing in Miami, pleaded guilty on Tuesday to one count of federal racketeering conspiracy. Prosecutors stated that Lam led an international "social eng
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Bloomberg's Odd Lots podcast discusses how Mexican cartels use farm equipment for money laundering
On the Odd Lots podcast, journalist Oliver Bullough joined hosts Tracy Alloway and Joe Weisenthal to explore how Mexican cartels utilize heavy farm equipment to launder money, highlighting criminals'
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US authorities have busted a $250 million gold fraud scheme, with over 200 elderly victims and more than 40 individuals indicted.
The Tarrant County District Attorney's Office in Texas announced the bust of a $250 million gold scam targeting over 200 elderly individuals, with more than 40 people indicted so far. The scam ring tr
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Ukraine's Chief Prosecutor, Ruslan Kravchenko, Resigns Amid Illegal Call Center Corruption Allegations
Ukraine's Chief Prosecutor, Ruslan Kravchenko, has resigned amid corruption allegations linked to illegal call centers in the country. This follows a search of his office by Ukrainian anti-corruption
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Bloomberg Odd Lots podcast: Journalist Oliver Bullough argues the increasing circulation of $100 bills is primarily due to money laundering and criminal enterprises.
Bloomberg Odd Lots podcast: Journalist Oliver Bullough argues the increasing circulation of $100 bills is primarily due to money laundering and criminal enterprises.
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Polish Olympic chief arrested in probe over suspected crypto-linked bribe
Radosław Piesiewicz, president of the Polish Olympic Committee, was arrested as prosecutors investigate allegations that Zondacrypto CEO Przemysław Kral gave him a 40,000 euro watch and other gifts. T
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Interpol-led "Operation Jackal IV" arrests 58 people across 22 countries for West African cyber-crime, seizing $2.67 million and blocking 257 bank accounts in South Africa alone
The global policing agency Interpol coordinated "Operation Jackal IV" between November 2025 and June 2026, targeting organised West African cyber-crime groups behind romance and investment scams, incl
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Federal Jury Convicts Business Owner Brent Kovar of Wire Fraud, Mail Fraud, and Money Laundering in $24M Crypto Ponzi Scheme, Faces Up to 280 Years
A federal jury convicted Brent Kovar of wire fraud, mail fraud, and money laundering after he took $24 million from at least 400 investors in a crypto Ponzi scheme. He now faces up to 280 years in pri
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New York Times reports: World Liberty received $100 million from Guren "Bobby" Zhou, a businessman suspected of money laundering, whose source of funds is unknown.
Businessman Guren "Bobby" Zhou, who was arrested in the UK in 2021 on suspicion of money laundering and remains connected to an active investigation despite not being charged, purchased $100 million i
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Brazilian Police Bust Cocaine Traffickers Suspected of Laundering Billions via Crypto
Brazilian police have busted a group of cocaine traffickers suspected of shipping approximately 6.5 metric tons of cocaine and laundering billions in Brazilian reals. The illicit funds were allegedly
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UK FCA and Police Arrest Four in Fraud and Money Laundering Investigation
The UK Financial Conduct Authority (FCA) and police have arrested four individuals and executed search warrants in Hackney, Beckenham, and Slough as part of an ongoing investigation into alleged fraud
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The U.S. Secret Service Recovered Over $25 Million in Cryptocurrency Through Five Investigations
Svmuu News: On July 21, the U.S. Attorney’s Office for the District of Columbia and the U.S. Secret Service’s Washington Field Office announced that multiple investigations by the Cyber Fraud Task For
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India's Law Enforcement Agency Raided Multiple Crypto Fraud Operations, Targeting Foreign Investors
Svmuu News: On July 18–19, the Bangalore Branch of India’s Enforcement Directorate conducted raids on multiple locations involved in a case under the Prevention of Money Laundering Act (PMLA) to inves
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Two People Indicted for Laundering Over $43 Million in Proceeds from "Pig Butchering" Scams
Svmuu News: According to an announcement by the U.S. Attorney’s Office for the Eastern District of New York, Chen Zhuoying and Zhang Haojie were formally indicted on July 16 in federal court in Brookl
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UK Fraud Review Recommends Judges Receive Training on Crypto Money Laundering and AI Fraud, Citing a Case Involving the Seizure of Over 61,000 BTC
Svmuu News: A fraud review commissioned by the British government recommends that the Judicial College provide training to all judges and magistrates in England and Wales to address the rise in cases
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Brazilian Police Launch "Operation Maya Veil": Raid 87 Shell Companies to Investigate Cryptocurrency Money-Laundering Network
Svmuu News: Brazilian police announced the launch of “Operation Veil of Maya,” simultaneously executing nine search and seizure warrants in São Paulo, Ribeirão Preto, Porto Alegre, and Canoas to targe
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An article by China’s procuratorial system suggests that the use of coin mixers and privacy coins should be regarded as an indication of intent to commit money laundering
Svmuu News: An article published in the theory section of *Procuratorial Daily*, the official newspaper of China’s Supreme People’s Procuratorate, proposes a framework for prosecuting money laundering
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Cape Town Cracks Down on Crypto Fraud; Police Seize Luxury Car with Fake License Plate
Svmuu News: Geordin Hill-Lewis, mayor of Cape Town, South Africa, recently participated in a special nighttime operation by the city police targeting individuals who claim to be cryptocurrency and for
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North Korean hackers expected to take months to launder stolen Binance billions
Experts say the stolen tokens are visible on public blockchains and have been split into small packages in an attempt to stop them being traced.
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Decrypt: North Korean Hackers Create New Wallets Every 25 Seconds to Launder Binance-Stolen Funds
Decrypt reports that North Korean hackers are laundering funds stolen from Binance by creating a new wallet every 25 seconds. Of the $6.43 billion stolen from Binance, $2.85 billion has been frozen or
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NEAR Intents Head Alex Shevchenko Names 3 Survival Rules for Crypto Wallets After $6.3 Billion Binance Hack
Following the $6.3 billion Binance hack, NEAR Intents head Alex Shevchenko outlined three critical rules for cryptocurrency wallet developers to prevent their services from becoming unwitting accompli
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Elliptic: Binance hacker uses CoinJoin for first time; 44% of $6.43 billion stolen funds frozen, $16 million sent to Bitget hack addresses
Blockchain analytics firm Elliptic reports that the laundering of approximately $6.43 billion stolen from Binance has involved 11 blockchains, around 12,000 wallets, and over 40,000 transactions. Abou
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Lookonchain monitoring: The Pando Rings hacker purchased 7,548 ETH (approximately $16.72 million) and deposited 4,000 ETH (approximately $9.17 million) into Tornado Cash for money laundering 7 hours ago.
Lookonchain monitoring: The Pando Rings hacker purchased 7,548 ETH (approximately $16.72 million) and deposited 4,000 ETH (approximately $9.17 million) into Tornado Cash for money laundering 7 hours a
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Binance hacker address receives numerous small Bitcoin transfers with requests for help or money laundering messages.
The 19 wallet addresses controlled by the Binance hacker collectively hold 18,270 stolen Bitcoins. Since last Thursday, these addresses have received no other incoming transactions apart from small Bi
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THORChain Halts Multi-Network Swaps Due to Block Reorganization Bug, Accidentally Slowing Binance Hacker's Money Laundering Activities
THORChain Halts Multi-Network Swaps Due to Block Reorganization Bug, Accidentally Slowing Binance Hacker's Money Laundering Activities
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Analysts: North Korean Hackers Laundered $242 Million in Stolen Binance Funds via Tron; FBI Pressuring THORChain
North Korean hackers laundered $242 million stolen from Binance via the TRON network, and the FBI is reportedly pressuring THORChain over the matter, according to analysts. Crypto bridges Relay, THORC
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Chainalysis: Binance Hacker Laundered Funds to Solana After Stealing $500 Million on Tron
Chainalysis reports that Binance hackers, after laundering $500 million stolen on the Tron network, have transferred the funds to the Solana network. The firm noted that the operations on the Tron net
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FBI Attributes $6.3 Billion Crypto Theft from Binance to North Korea; Binance Has Covered 90% of Losses and Plans to Resume Withdrawals on Sunday
The U.S. Federal Bureau of Investigation (FBI) has attributed the record-breaking $6.3 billion virtual asset theft from cryptocurrency exchange Binance to North Korea's TraderTraitor group, calling on
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FBI Attributes Over $6 Billion Binance Hack to North Korea, Urges Crypto Service Providers to Block Money Laundering Transactions
The Federal Bureau of Investigation (FBI) attributed the over $6 billion Binance hack to the North Korean hacking group TraderTraitor and observed the attackers primarily converting the stolen crypto
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FBI Attributes Over $6 Billion Binance Hack to North Korea
The Federal Bureau of Investigation (FBI) has attributed the over $6 billion Binance hack to the North Korean hacking group TraderTraitor and is seeking to disrupt its money laundering pathways. Binan
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Chainalysis: Ethereum Reorg Causes THORChain Emergency Pause, Accidentally Delays Binance Hacked Funds Laundering
Blockchain analytics firm Chainalysis stated that on the morning of October 31, ET, an Ethereum chain reorganization occurred, causing THORChain to mistakenly double-refund 10 ETH to a user, triggerin
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Chainalysis Flags DeFi Receipt Token Laundering Path in Binance Hack Investigation
Chainalysis identified a DeFi receipt token money laundering path in the Binance hack investigation. An on-chain case showed USDT being deposited into JustLend, converted to jUSDT, and then redeemed b
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Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
Blockchain analytics firm Chainalysis stated on October 30 that the hackers behind the $6.3 billion Binance exploit are employing unprecedented money laundering tactics and rapidly converting stolen a
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Binance hack: Investigators in 'cat and mouse game' to recover $6.3 billion in stolen funds
Crypto firms and law enforcement are in a "cat and mouse game" to recover over $6 billion stolen from Binance by alleged North Korea-linked hackers, who are using sophisticated obfuscation techniques
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Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft
Israel has extradited Israeli-Russian citizen Alexander Block to the United States to face charges over the alleged theft of about $2.8 million from crypto bridge Nomad. Block was arrested in May 2025
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Chainalysis Says Binance Hacker Swapped $325 Million to Evade Freezes, with Frozen Assets Now Totaling About $2.8 Billion and Transaction Patterns Suggesting Automated Laundering
Chainalysis Says Binance Hacker Swapped $325 Million to Evade Freezes, with Frozen Assets Now Totaling About $2.8 Billion and Transaction Patterns Suggesting Automated Laundering
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The U.S. Treasury Department sanctioned 10 individuals and 1 entity, including two Russian crypto intermediaries, for laundering money to support North Korea's weapons program.
The U.S. Treasury Department on Tuesday announced sanctions against 10 individuals and one entity, including two Russian cryptocurrency intermediaries, accusing them of laundering money through a Nort
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A Chinese national, Zheng Zhao (44岁), has been extradited to the United States and appeared in a Los Angeles federal court on October 23
A Chinese national, Zheng Zhao (44岁), has been extradited to the United States and appeared in a Los Angeles federal court on October 23. He is charged with conspiracy to commit money laundering, faci
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American Express announced a 5% workforce reduction and a slight upward revision to its profit forecast, while also facing a $350 million fine.
American Express (AmEx) announced today that it will cut approximately 5% of its workforce as part of a $336 million restructuring plan. Despite the significant layoffs, the company only raised the mi
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Blockchain investigator accuses crypto exchange CoinDCX of "lying" about $16 million theft, claiming it admitted to "operational loss" after initial denial.
Blockchain investigator "Darcy" flagged a suspicious outflow of $16 million from addresses linked to CoinDCX on Thursday morning. CoinDCX co-founder Sumit Gupta initially denied the claim, calling the
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Greece says it is implementing sanctions against Iran
The Greek Finance Ministry stated it is implementing sanctions against Tehran and supports efforts to combat money laundering and illicit financial activities linked to Iran. This statement follows th
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Italian Police Bust Mafia Crypto Money Laundering Ring, Seizing $76 Million
Italian police have dismantled a cryptocurrency money laundering ring linked to the mafia, which used a Milan car rental company as a front to transfer €68 million (approximately $76 million) out of t
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How Stolen Bitcoin Is Cashed Out: The Evolution and Strategies of Cryptocurrency Money Laundering
Cryptocurrency criminals typically follow a three-stage money laundering model—placement, layering, and integration—to cash out illicitly obtained Bitcoin. As regulations tighten, simple exchange cash-outs are outdated, and hackers are turning to complex, multi-stage, fragmented strategies. As of 2026, cross-chain bridges have replaced mixers as the primary money laundering tool, combined with chain hopping, DeFi platforms, no/weak KYC exchanges, and darknet services, forming a typical 45-day laundering cycle. Law enforcement agencies and blockchain analytics companies are continuously tracking and combating these activities, but money laundering methods are becoming increasingly sophisticated, posing a severe challenge to global regulation.
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