Brazilian Federal Police Dismantle $2 Billion Crypto Money Laundering Ring Linked to the PCC Cartel
Key Takeaways Brazil’s police launched Operation Exchange, disrupting a PCC ring that laundered $2B via crypto. An uncoordinated U.S. OFAC
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Laundering
Defunct P2P Crypto Platform Paxful Sentenced to $4M Penalty for Money Laundering, Travel Act Violations
Peer‑to‑peer cryptocurrency trading platform Paxful was sentenced to pay a $4 million criminal penalty after pleading guilty to conspiring in
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South Korea’s financial watchdog sanctions Korbit for anti-money laundering violations
Key Takeaways Korbit fined KRW 2.73 billion (approx. $1.9 million) by South Korea’s Financial Intelligence Unit (FIU) for anti-money laundering
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Samourai Wallet’s William Hill receives 4-year sentence for money laundering involvement
Key Takeaways William Hill, co-founder of Samourai Wallet, was sentenced to four years in prison for his involvement in money
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AUSTRAC Targets Crypto ATM Operator for Money Laundering Risks
The Australian financial crime regulator has taken action against crypto ATM operator Cryptolink for its failure to report large cash
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Georgian Police Arrest 5 Russians Over Crypto Scheme and Money Laundering
Police in the South Caucasus country of Georgia arrested five Russians accused of running an unlicensed cryptocurrency business and laundering
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DOJ Seeks $5M in Bitcoin Tied to SIM Swapping and Casino Laundering Scheme
Hackers drained millions in crypto by exploiting SIM swap flaws, laundering the funds through a casino in a brazen digital
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Tornado Cash dev Roman Storm found guilty of running unlicensed money biz, sanctions and money laundering charges unresolved
Key Takeaways Roman Storm was found guilty of operating Tornado Cash as an unlicensed money transmitting business processing over $1
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Tornado Cash’s Roman Storm wins partial privacy defense in money laundering trial
Key Takeaways Tornado Cash co-founder Roman Storm is on trial for money laundering and sanctions violations, with proceedings expected to
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New Zealand Says Crypto ATM Ban Aims to Close Money Laundering Loophole
The New Zealand government has announced it is banning crypto ATMs as part of its efforts to enhance anti-money laundering
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