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NFTs and Money Laundering - Are Fraudsters Becoming Artists?

FICO

In part 1 of this blog series my colleague defined NFTs or Non-Fungible Tokens. I think NFTs are even better for illicit purposes than traditional art, simply because the hurdles are lower. So, how do criminals go about using NFTs to launder money? Four steps to using NFTs for money laundering: Create the artwork.

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News & Views Podcast | Episode 155: NFT Revivals and RentalBot

The Fintech Times

Following this, the conversation turned to NFTs. The duo’s views were more aligned this time, with both seeing the merit of an NFT – providing it had some real-life benefits. They both agreed that the popularity of buying an NFT for ownership over a digital picture would not return.

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Top 5 fraud trends affecting high-risk merchants in 2025

The Payments Association

This article explores the top 5 fraud trends impacting high-risk merchants in 2025 and how innovative solutions like avoided.io NFT marketplaces: Rising cases of counterfeit NFTs and phishing scams, leading to disputes, particularly when buyers use credit or debit cards. How avoided.io

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Top 5 Fraud and Financial Crime Topics of 2021

FICO

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. NFTs and Money Laundering - Are Fraudsters Becoming Artists? The NFT of Everydays, The First 5000 Days by Mike Winkelmann sold for $6.9 Here are excerpts.

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As Apple Enters Open Banking a Dangerous Paradox Comes to Light

The Fintech Times

In this article, finance commentator Igor Pejic, an expert on tech-driven shifts in banking and finance, delves into the specific actions and strategies employed by these tech giants that are causing ripples in the financial industry.

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SMB Crypto: Should small businesses issue social tokens (or NFTs)?

Fintech Labs Insights

It gives out tokens to reward basic activities that help build its business/community, for example signing up for its newsletter, referring new customers, writing an article, etc. What about NFTs? NFTs are another viable route to encouraging and rewarding membership-powered businesses. of transaction volume).

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Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

At least nine crypto companies have received in-principle approval Crypto.com is a crypto exchange headquartered in Singapore that supports trading, investing, staking, wallets, non-fungible tokens (NFTs), and more. It claims 50 million customers.