MoneyLaundering
How rogue nations are capitalizing on gaps in crypto regulation to finance weapons programs
How rogue nations are capitalizing on gaps in crypto regulation to finance weapons programs Binance, a major cryptocurrency platform, has been accused of willfully ignoring anti-money-laundering controls, allowing U.S.-designated terrorist entities to launder $1 billion in cryptocurrency. Cryptocurrency is being used by rogue nations such as North Korea, Iran, and Russia to fund and purchase […]
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How crime in Brazil drags down the economy and heaps economic pain on the nation’s poor
How crime in Brazil drags down the economy and heaps economic pain on the nation’s poor Brazil’s “criminal economy” is estimated to cost around $239 billion to $275 billion annually, or 12% to 14% of Brazil’s GDP, with a significant portion attributed to contraband, tax evasion, and environmental crime. The true cost of violence in […]
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DOJ files to seize $225 million in crypto from scammers
DOJ files to seize $225 million in crypto from scammers The Department of Justice (DOJ) has filed a civil complaint to seize $225.3 million in cryptocurrency linked to crypto investment scams. The seizures are part of a larger effort to crack down on “pig butchering” rings, which use fake romantic relationships and other tactics to […]
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