MoneyLaundering

U.S. investment bank Morgan Stanley is under scrutiny by the Financial Industry Regulatory Authority (FINRA), which, according to the Wall Street Journal, is investigating potential weaknesses in its anti-money laundering (AML) controls. The focus is on the bank’s handling of wealthy clients and whether it properly assessed their risk profiles between October 2021 and September 2024.

🔍 In the spotlight: Wealth Management, E*Trade, and Institutional Division

The probe includes Morgan Stanley Wealth Management, its institutional securities division, and E*Trade, the digital trading platform acquired in 2020. According to sources familiar with the matter, FINRA has requested detailed data on both domestic and international clients.
The regulator is particularly interested in politically exposed persons (PEPs) — high-ranking foreign officials, their families, and close associates — who are considered high-risk for potential financial crime.

💼 Concerns About Internal Controls and Staff Accountability

FINRA is also investigating which employees at Morgan Stanley were responsible for handling clients flagged for money laundering risks due to their political ties. The agency has requested organizational charts and details on the systems used to assign risk profiles, including how the bank evaluates clients of E*Trade, its private banking division, and institutional services.

📉 Previous Compliance Failures

This isn’t the first time the bank’s practices have come under fire. In August last year, FINRA accused Morgan Stanley of filing inaccurate records, revealing that the bank failed to report over 535,000 municipal and debt security transactions between May 2018 and July 2022.
Furthermore, in April 2024, the Wall Street Journal reported that Morgan Stanley was facing broader federal investigations by the Department of Justice, SEC, FinCEN, and the Office of Foreign Assets Control (OFAC). These probes are reportedly linked to the onboarding of clients involved in corruption and drug trafficking.

📂 Internal Documents Indicate Deeper Issues

Documents from 2023 reviewed by the WSJ revealed that a quarter of Morgan Stanley's international wealth management clients showed signs of money laundering or tax evasion. Out of over 46,500 accounts, 24% were flagged as high-risk.

⚠️ Staff Raise Concerns About Regulator Inquiries

Sources say Morgan Stanley has received at least six information requests from FINRA, the most recent arriving in recent weeks. Some employees reportedly expressed concerns over whether the responses submitted to FINRA were accurate and complete. In at least one case, the bank was forced to resubmit data after regulators found the initial documents to be “incomplete.”

💬 Bank Statement and Remediation Efforts

A spokesperson told the WSJ that the bank has heavily invested in compliance programs across all areas. They emphasized that such regulatory reviews are not unusual and do not necessarily indicate a failure of internal systems.
Nevertheless, Morgan Stanley is restructuring its AML systems, especially after the Federal Reserve labeled its risk management practices as “weak.” Efforts include closing thousands of accounts and scaling back operations in parts of Latin America.

👁️ Doubts From Other Regulators

While the Fed reportedly praised the bank’s customer vetting practices on E*Trade, other agencies remain skeptical. The Office of the Comptroller of the Currency (OCC) allegedly found that thousands of wealth management accounts lacked enhanced due diligence (EDD) — a required process for high-risk clients. These checks must be performed regularly and thoroughly documented.

🧾 Summary
Morgan Stanley is under mounting pressure from regulators amid allegations of insufficient anti-money laundering controls. Despite ongoing efforts to improve internal procedures and strengthen compliance frameworks, new evidence suggests systemic vulnerabilities remain. The ongoing investigations by FINRA and multiple federal agencies could have serious implications for the bank’s reputation and operations.

#MoneyLaundering , #SEC , #Fed , #worldnews , #MorganStanley

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Federal investigators are working to recover $7.1 million in cryptocurrencies allegedly tied to a fraudulent oil and gas investment scheme worth a total of $97 million.

Investigation Uncovers Complex Money Laundering Operation
Geoffrey K. Auyeung of Washington State has been indicted in a large-scale scheme where investors believed they were sending money to legitimate escrow agents managing oil tank storage leases in Houston and Rotterdam. Instead, the funds were routed through shell companies like Sea Forest International and Apex Oil and Gas Trading—ending up in accounts controlled by Auyeung.
Authorities discovered the funds were transferred through over 80 bank accounts and at least 19 crypto wallets, with victims left empty-handed and without recourse.

Crypto as a Tool for Laundering Illicit Gains
The laundered funds were eventually converted into Bitcoin, Ethereum, Tether, and USD Coin, some of which were transferred via Binance. These transactions attempted to obfuscate the origin of the money through international financial pathways, including IP addresses traced to Russia and Nigeria—making the trail harder to follow.

DOJ Seeks Asset Forfeiture and Restitution
On July 22, federal prosecutors in Washington filed a civil forfeiture action for $7.1 million in crypto assets, which were previously frozen in connection to the case. The funds are intended to be returned to at least 22 confirmed victims, though that number is expected to grow as the investigation continues.
Earlier, authorities had seized $2.3 million in fiat assets, and more crypto funds were frozen by Homeland Security Investigations (HSI) in December.

Blockchain Transparency Aids DOJ Efforts
This case highlights the growing capability of the Justice Department to track and seize misused crypto assets thanks to blockchain transparency. Investigators were able to follow the money in real time using advanced analytics tools like Chainalysis, identifying both the perpetrators and the flow of funds.

Why This Matters
🔹 Blockchain is not anonymous cover – Public transaction records allow law enforcement to trace money, even behind pseudonymous addresses.

🔹 Layering strategy – Moving funds through multiple accounts and wallets is a classic laundering tactic.

🔹 International reach – Use of global IPs adds complexity, but blockchain traceability remains a key asset.

🔹 Restitution is possible – Crypto, once identified and frozen, can often be returned to victims faster than traditional fiat funds.

Summary
The DOJ is pursuing $7.1 million in crypto to be returned to victims of a fraudulent oil investment scheme.Investigators found that Auyeung laundered funds through 80+ bank accounts and 19+ crypto wallets.Blockchain transparency proved critical in tracking and securing misappropriated assets.The case underscores that cryptocurrencies are not beyond the reach of justice - and that victims may indeed be made whole again.

#CryptoFraud , #DOJ , #Cryptoscam , #MoneyLaundering , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Asia-Pacific region is rapidly becoming the new global epicenter of crypto-related crime. While North America still leads in total crypto theft volume, Asia stands out with an alarming rise in combined threats—from sophisticated hacking attacks to brutal physical assaults targeting crypto holders.
📊 According to the latest report from analytics firm Chainalysis, Japan, Indonesia, and South Korea are among the most affected countries. A new wave of digital crime is emerging here: a mix of state-sponsored hacking, kidnappings, extortion, and large-scale money laundering operations.

💰 Record-Breaking Crypto Heists
One of the largest incidents—the $1.5 billion hack of Bybit, allegedly linked to North Korea—shows just how massive and organized these threats can be. Cybercriminals often transfer funds through anonymous exchanges, gambling platforms, or unregulated financial services with high liquidity.
But beyond digital theft, the region is also facing an increasingly harsh physical reality. Criminals are resorting to kidnappings, threats, and even murder in pursuit of private keys and seed phrases.

🩸 Murder for Crypto: A Chilling Case in the Philippines
One particularly shocking case involved Chinese-Filipino businessman Anson Que, whose abduction and subsequent murder stunned the public. Que and his driver were kidnapped in Bulacan province and later found dead, bound and abused, in nearby Rizal.
Investigations revealed the attackers used crypto payment channels, junket operators, and e-wallets to funnel ransom money—totaling up to ₱200 million (approx. $3.5 million USD). Thanks to blockchain technology, a portion of the ransom was tracked and frozen, making it harder for criminals to disappear without a trace.

🧠 Trust in Jeopardy
Experts warn that repeated attacks and abuse of crypto infrastructure are eroding public confidence in digital assets. The impact goes beyond financial losses—how authorities and firms respond matters just as much.
Cybersecurity leaders emphasize that limited awareness of risks, lack of defense tools, and minimal crypto education make many countries in the region vulnerable targets.

🔐 Blockchain as a Tool for Justice?
Amid the darkness, blockchain technology shows promise—its immutability and transparency allow investigators to trace funds and identify wrongdoers. It may not be a silver bullet, but it offers powerful tools to fight back against modern financial crime.

🌐 Asia at a Crossroads: Innovation Frontier or Lawless Zone?
Asia’s rapid growth in the crypto market is a double-edged sword—offering new opportunities but also major security and trust challenges. At stake is more than just money. It's about safety, justice, and the future of the entire digital economy.

#CryptoCrime , #CyberSecurity , #BlockchainSecurity , #MoneyLaundering , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Attorneys for Roman Storm, co-founder of the controversial crypto protocol Tornado Cash, have accused the U.S. Department of Justice of presenting misleading evidence just days before his criminal trial begins. At the center of the dispute are Telegram messages allegedly retrieved from the phone of his co-defendant, Alexey Pertsev.

Confusion Over Forwarded Messages
Storm’s legal team pointed out that the government’s evidence failed to correctly identify forwarded messages—an omission that could significantly alter their meaning. The messages were reportedly extracted by IRS Special Agent Peter Dickerman from a device seized by Dutch authorities. While prosecutors initially claimed to have delivered the relevant chats in September 2023, they admitted in a recent filing that a final version—clearly marking forwarded content—was only shared in December 2024.
According to Storm’s lawyers, the initial evidence lacked crucial metadata, preventing proper verification of the messages’ origin. They warned that this misrepresentation may have influenced the grand jury’s decision. The defense called the government's interpretation “illogical,” comparing it to blaming a victim who forwards a threat to the police for making the threat themselves.

Prosecutors’ Stance Under Scrutiny
Storm faces charges of money laundering and operating an unlicensed money transmission service via Tornado Cash. Prosecutors argue that the messages are authentic and were available to the defense for months. They insist that formatting discrepancies do not undermine the evidence's validity.
However, the defense noted that Telegram usually marks forwarded messages, which was missing here. They argue this leaves room for misinterpretation and weakens the overall reliability of the government's claims.

Verification and Timeliness Are Key
According to digital law experts, the admissibility of such evidence hinges on whether the error was intentional and whether the defense has a reasonable opportunity to verify the source. If key metadata is missing, the evidence could be ruled invalid due to authentication concerns.
Ironically, the prosecution’s late admission may work in the defense’s favor. Under the legal precedent known as the Brady Rule, prosecutors are obligated to correct any misrepresentations that could affect a fair trial.

Potential Impact on the Trial
This issue casts a new shadow over Roman Storm’s upcoming trial. If any part of the prosecution’s case is found to rely on misinterpreted or flawed evidence, it could seriously weaken their position in court. The trial will now have to address not only technical specifics but also whether due process and fair trial standards were upheld.

#TornadoCash , #Cryptolaw , #MoneyLaundering , #crypto , #Regulation

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The newly appointed President of Brazil’s Central Bank, Gabriel Galipolo, has raised concerns about the rapid growth of stablecoins in the country, linking them to tax evasion and money laundering. He argues that individuals use stablecoins for cross-border payments, allowing them to avoid taxation and maintain opaque financial transactions.
Stablecoins in Brazil: Investment Tool or Tax Evasion Mechanism?
Galipolo revealed that over 90% of cryptocurrency transactions in Brazil involve stablecoins, which are digital assets pegged to the US dollar.
📊 Initially, the central bank assumed that the popularity of stablecoins was due to their convenience for holding dollars.
💬 “We initially thought it was simply an easier way for people to have dollar accounts,” said Galipolo.
However, this perspective shifted when the bank analyzed whether stablecoins were primarily used for investments or cross-border transactions. The data suggested that a significant portion of stablecoin transactions were linked to illicit activities.
Stablecoins as a Tool for Concealing Transactions
The central bank found that many Brazilians use stablecoins to purchase goods from abroad, particularly for transactions they do not want to declare for tax purposes.
📌 Why are stablecoins a concern?
🔹 They allow transactions outside the traditional banking system.
🔹 They reduce financial oversight, making money laundering easier.
🔹 They facilitate tax evasion by making transactions harder to track.
📢 “Most of these payments are used to buy goods from abroad... and that’s the problem. People use stablecoins because they allow them to bypass tax oversight and conceal financial operations,” Galipolo explained.
Privacy in Crypto? The Central Bank Sees It as a Red Flag
Galipolo also criticized the pursuit of financial privacy, arguing that it is often linked to illegal activities.
🔎 “When people seek financial privacy, it’s usually because they are buying something they don’t want to declare—likely to avoid taxes,” he stated, as cited by Valor Economico.
This stance suggests that Brazil’s Central Bank is likely to tighten regulations on stablecoins to limit their use in undisclosed financial transactions.
Stricter Stablecoin Regulations on the Horizon?
In December 2023, the central bank proposed new rules, which could:
❌ Restrict private ownership of stablecoins for individuals.
❌ Classify stablecoins as foreign currency, making their use and storage more complex.
❌ Limit DeFi activities in Brazil, as many platforms require direct control over digital assets.
If approved, these measures could make Brazil one of the first countries to impose strict regulations on stablecoins in an effort to combat tax evasion and financial crimes.
📢 “Stablecoins pose new challenges for financial oversight, and their unregulated use must be addressed with stricter policies,” Galipolo emphasized.
Conclusion: What’s Next?
✅ Brazil is one of the largest crypto markets in the world, but its central bank warns that stablecoins may be exploited for illicit transactions.
✅ Proposed tighter regulations could impact both individual investors and the broader DeFi ecosystem.
✅ If these policies are enforced, Brazil could become a model for other nations looking to regulate stablecoins more closely.
📢 What do you think about stricter stablecoin regulations? Are they necessary to prevent financial crimes, or are they just another attempt by governments to control digital finance? 💬

#defi , #Stablecoins , #CryptoNewss , #MoneyLaundering , #CryptoMarket

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🔍 Key Details:

💱 Allegations: TikTok’s virtual currency system, where users buy coins and creators cash out, is being compared to a crypto exchange.

🕵️‍♂️ Under Investigation: UK’s Financial Conduct Authority (FCA) is urged to audit TikTok for potential money laundering risks and financial irregularities.

📉 Global Scrutiny: TikTok also faces investigations in Australia for similar concerns, adding to its legal challenges worldwide.

⚖️ Potential Consequences: If found non-compliant, TikTok could face heavy regulatory actions and stricter financial oversight.

Stay tuned for updates on this evolving story! 📰🔥

#MemeCoinTrending #BTCSoarsTo68K #moneylaundering #cryptoexchange

On the last day of September, an unusual smuggling attempt was foiled at the Gongbei Port of Entry. A Macau resident, known only by his surname Chen, was apprehended by customs officials for attempting to clandestinely carry $210,000 across the border. His actions were flagged as suspicious when he tried to pass through the "no declaration" lane without proper checks.

Chen ingeniously used a backpack positioned over his stomach to obscure the bundles of cash strapped to his body. Customs officers, sensing something amiss, conducted a thorough examination and discovered 21 bundles of U.S. dollars enveloped in plastic wrap and tightly secured with elastic bandages around his abdomen and inner thighs. The cash totaled to an equivalent of about 1.47 million RMB.

Under Chinese customs law, any individual must declare cash amounts exceeding 22,000 RMB or its foreign equivalent exceeding $5,500 upon entering or exiting the nation. Chen's failure to declare his cargo could lead to significant legal repercussions. This regulation is part of stringent measures aimed at controlling financial movements, especially targeting frequent travelers and those with multiple entries and exits within brief periods.

The incident quickly captured the attention of online communities, sparking a mix of criticism and humor. One user remarked critically, "Such a glaring oversight cannot simply be brushed off," while another quipped humorously, "Did he really think wrapping it up would render it invisible?"

Stay updated with more stories and analysis by following us. Your engagement drives our coverage. Thank you for the support and remember to always do your own research.

#SmugglingScandal #takemoney #moneylaundering #BTCReboundsAfterFOMC #WeAreAllSatoshi

In the fast-moving world of cryptocurrencies, Roman Storm, co-founder of Tornado Cash, has become a focal point in the debate over technological innovation, regulation, and financial privacy. Storm is facing charges of money laundering and sanctions violations, part of a broader U.S. government crackdown on privacy-focused crypto tools.
What does this case mean for the future of blockchain innovation? And how might it be affected by Donald Trump's policies, given his stance as a pro-crypto president?
Storm: "This Is a Nightmare No Developer Should Experience"
In an exclusive interview, Storm spoke candidly about his legal battle, which has turned his life upside down:
“The indictment has put me in total limbo. I can’t plan my future—personally or professionally. Every day, I deal with this case, and it's getting harder to support my family,” Storm said.
Storm denies any wrongdoing, insisting he is not a criminal but simply a coder who built neutral technology. He argues that Tornado Cash is merely a privacy tool, which, like many technologies before it, can be misused.
“If we criminalize developers for writing open-source code, where does it stop? Do we start arresting people for creating web browsers because criminals use them for illegal activities?”
His case could have a chilling effect on crypto developers, particularly those working on decentralized applications (dApps), DeFi protocols, and privacy tools. The crypto industry has long maintained that code is a form of free speech, protected under the First Amendment.
Tornado Cash: Privacy Protector or Criminal Tool?
In 2022, the U.S. Treasury Department sanctioned Tornado Cash, citing its use by North Korean hacker group Lazarus to launder stolen funds. However, many argue the platform was designed primarily to protect the privacy of ordinary crypto users, an increasingly rare advantage in a world of mass surveillance.
In 2023, the Federal Reserve Bank of St. Louis published an analysis of Tornado Cash, highlighting a complex dilemma:
“Public blockchains are extremely transparent, creating a legitimate need for privacy tools. At the same time, there is strong evidence that crypto mixers are frequently used for money laundering.”
Trump's Pro-Crypto Stance: A Lifeline for Developers?
During his presidential campaign, Donald Trump strongly supported Bitcoin, promising to reverse anti-crypto regulations. In his first week in office, he signed an executive order on digital assets, appointing David Sacks as his "crypto czar" to oversee a review of crypto policies.
However, Storm’s case raises a critical question: Will Trump's crypto policies extend to protecting developers?
It remains unclear how Trump will address financial privacy issues. While cryptocurrencies and stablecoins may benefit from lighter regulations, privacy-focused tools like Tornado Cash might not receive the same leniency.
Storm’s prosecution began under the Biden administration, but will Trump step in to change the landscape?
Upcoming Trial: A Defining Moment for Crypto Regulations
Storm is set to stand trial in April 2025, a pivotal moment for the future of crypto regulation. His case has gained widespread support from the crypto community:
🔹 The Electronic Frontier Foundation (EFF) filed an amicus brief defending Storm, arguing that his prosecution threatens open-source software developers' rights.
🔹 Paradigm donated $1.25 million to Storm’s legal defense, highlighting growing industry concerns.
Storm’s Legal Team: Fighting a Landmark Case
Storm’s legal defense is led by Brian Klein, a top attorney specializing in crypto and financial regulations. Klein previously represented:
✅ Erik Voorhees (ShapeShift founder) – Negotiated a settlement with the SEC.
✅ Arthur Hayes (BitMEX founder) – Helped reduce his sentence.
✅ Virgil Griffith (Ethereum developer) – Defended him against sanctions violations related to North Korea.
Griffith was ultimately sentenced to five years in prison, but Storm’s case is different—he merely built a protocol that was later misused. This raises fundamental questions about developer liability and intent.
The Future of Crypto: Developer Exodus or Legal Victory?
⚠️ If Storm is convicted, some fear that developers will flee the U.S., pushing crypto innovation overseas.
⚡ If he is acquitted, it would set a crucial precedent affirming that writing open-source code is not a crime.
For now, Storm remains trapped in legal uncertainty, and his case will serve as a litmus test for the future of crypto freedom.
“I just want to build. That’s all I’ve ever done. If we criminalize developers, we’re not just killing crypto—we’re killing the future,” Storm concluded. 🚀

#TornadoCash. , #CryptoSecurity , #MoneyLaundering , #CryptoNewss , #blockchain

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Two men who exploited the chaos of the war in Ukraine for personal gain have been sentenced in the UK to 13 years in prison each, after laundering over $7.3 million through cryptocurrency.

💰 Exploiting Ukraine's Demand for Trucks and Supplies
Valeriy Popovych (52) and Vitaliy Lutsak (43) were part of a criminal network that purchased vehicles and equipment allegedly destined for Ukraine, using proceeds from illegal activities. These transactions were disguised as legitimate trade, but in reality, it was a large-scale crypto money laundering operation.
The two were found guilty on April 7 at Wood Green Crown Court following a five-week trial.

🏠 London Property and Millions in Crypto Wallets
Part of the laundered funds was used to purchase a luxury home in London worth over $1.2 million. During the investigation, British police uncovered that the gang channeled more than $14 million in crypto through digital wallets, stored on personal computers to conceal the origin of the funds.
A third suspect, Valeriy’s wife Oksana Popovych (42), is scheduled to be sentenced on May 30. A fourth member, Semen Kuksov, was already jailed in February for over five years.

⚖️ Crypto Loopholes Enabled a Shadow Business
Authorities confirmed the gang took full advantage of the lack of cryptocurrency regulation, which allowed them to move illicit funds with ease and build a multi-million-dollar operation in just over a year.
Investigators revealed the group not only laundered criminal proceeds but also ran an unregistered money services business, breaching UK financial laws.

🗣️ Police: They Turned War into a Business Model
Lead investigator Harry Davies of the Metropolitan Police said:
“Mr. Popovych presented himself as a hardworking, legitimate truck dealer. In reality, he ruthlessly saw the Ukraine conflict as a lucrative opportunity for profit.”

Special Crown Prosecutor Negeen Momtahen added:
“Money laundering is not a victimless crime. It enables criminals to continue harming lives. This conviction shows that crime in the crypto world won't go unpunished.”

Summary: Crypto, War, and Greed Collide
At a time when the world watches Ukraine suffer, this group created a profitable shadow operation—using crypto and fake legitimacy. But UK authorities sent a strong message: Money laundering won’t be tolerated, no matter how deeply it’s buried in the blockchain.

#MoneyLaundering , #CryptoCrime , #CryptoSecurity , #crypto , #CryptoNewss

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Crypto firms have to do checks on transactions of 1,000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.Policymakers in the European Union on Wednesday reached a provisional deal on parts of a comprehensive regulatory package to combat money laundering that will force all crypto firms to run due diligence on their customers.The Anti-Money Laundering Regulation (AMLR) is a broad-stroke effort to combat sanctions evasion and money laundering. It includes the creation of a single rulebook and sets up a supervisory authority that will also have purview over the crypto sector.The European Parliament and Council (which gathers finance ministers from the bloc's 27 member states) have agreed to measures, including for crypto firms to apply "customer due diligence measures when carrying out transactions amounting to €1,000 ($1,090) or more."The deal also adds measures to mitigate risks in relation to transactions with self-hosted wallets, Wednesday's announcement said.The EU last year finalized specific AML checks on crypto fund-transfers alongside its landmark Markets in Crypto Assets (MiCA) regulation. In December, the European Parliament and Council agreed on setting up the AML supervisory authority. Wednesday's agreement specifically concerned the EU's sixth money-laundering directive and the rulebook as part of the AMLR.The package may have got tougher as it went through the EU's complex legislative process in light of U.S. sanctions against crypto anonymizing tool Tornado Cash, as well as fears that crypto was being used to evade sanctions by Russia and even Hamas. A lawmaker leading the discussions on the package in Parliament last year assured the measures won't seek to outlaw privacy-enhancing crypto.Industry body, the EU Crypto Initiative, urged lawmakers in May 2023 to remove planned restrictions on privacy-preservation tools or, failing that, to include a "clear delineation between prohibited anonymous high-risk accounts and high-risk anonymizing instruments.""This agreement is part and parcel of the EU’s new anti-money laundering system. It will improve the way national systems against money laundering and terrorist financing are organized and work together. This will ensure that fraudsters, organized crime and terrorists will have no space left for legitimizing their proceeds through the financial system," Belgian Minister of Finance, Vincent Van Peteghem, said in a press statement.#eu #cryptonews #moneylaundering #TrendingTopic #MANTA

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched a major crackdown on crypto exchanges and remittance providers that fail to comply with anti-money laundering laws. The regulatory agency has warned that companies not meeting their obligations could face serious consequences.
📢 “Businesses in this sector that fail to meet their obligations can expect to hear from us,” warned AUSTRAC CEO Brendan Thomas.
Crackdown on Dozens of Crypto Firms – 9 Registrations Revoked ⚖️🔍
According to AUSTRAC’s official press release, the agency is investigating more than 50 providers and has already taken action against 13 of them.
📌 Key Actions by AUSTRAC:
🔹 9 providers had their registrations revoked, suspended, or not renewed due to non-compliance with anti-money laundering and counter-terrorism financing laws.
🔹 2 additional providers are under strict conditions – failing to meet these could lead to suspension or full cancellation of their licenses.
📊 This is part of a year-long investigation into companies suspected of failing to detect or report suspicious transactions.
AUSTRAC in Action: Charges and Exchange Closures 🚔🔎
The investigation has led to criminal charges against key figures from the following companies:
⚖️ Auaisa Trading Pty Ltd
⚖️ Amco Traveling and Exchange Pty Ltd
⚖️ B-Paywize Pty Ltd
Meanwhile, Jinte Net Blockchain Pty Ltd and DIGI-SEND E-Money Pty Ltd no longer require registration, as they have ceased crypto-related operations.
FTX Express and Zipmex Australia Removed from Register ❌📉
AUSTRAC has also delisted two well-known crypto exchanges from its digital currency register:
🔹 FTX Express
🔹 Zipmex Australia
📢 Reason? Both companies have filed for bankruptcy and are no longer operational in Australia.
AUSTRAC Tightens Crypto Exchange Oversight 🔥🛑
According to AUSTRAC, a significant portion of financial crime is linked to crypto exchanges failing to properly detect suspicious transactions.
📌 What’s Next for AUSTRAC?
✅ Since January, it has sent compliance warnings to 106 companies.
✅ With a dedicated crypto task force, AUSTRAC is now overseeing 417 registered exchanges in Australia.
💬 Brendan Thomas added:
📢 “We will continue to monitor the market and take action against those who fail to meet regulatory requirements.”
What Does This Crackdown Mean for the Crypto Industry in Australia? 🇦🇺💡
Australia is making it clear that crypto regulations are tightening and authorities are ready to take tough action against non-compliant firms.
🚀 Is this a step toward a safer market, or is it excessive regulation? What do you think? Share your thoughts in the comments! ⬇️

#CryptoRegulation , #MoneyLaundering , #blockchain , #CryptoNewsCommunity , #CryptoExchange

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

When money speak everyone silent 🔕
$BTC $SOL $ETH
#BTCReclaims110K #ETH🔥🔥🔥🔥🔥🔥 #moneypower #StrategicEarning #MoneyLaundering