A long-running Australian multi-agency investigation has dismantled a sophisticated money laundering scheme in Queensland, charging four individuals and freezing $13.7 million. At the heart of the alleged operation was a security company that reportedly converted $124 million in cash into cryptocurrency to conceal illicit funds.
Masterminds Convert Cash to Crypto in Bid to Hide Funds
An Australian…
In its 2024 National Risk Assessments on Money Laundering, the U.S. Department of the Treasury has unveiled the concerning trend of criminals increasingly turning to cryptocurrencies to finance illegal activities.
US Treasury Reports Identify Crypto’s Role in Illicit…
