Fintech News

JANUARY 7, 2024

A recent report by blockchain intelligence company TRM Labs reveals a concerning trend of crypto hacks by North Korea, who stole at least US$600 million in cryptocurrency in 2023. Moreover, the DPRK has been continually evolving its money laundering tactics to evade international law enforcement.

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OFAC Law Enforcement Money Laundering Cryptocurrency 117

PYMNTS

MARCH 3, 2020

Justice Department (DOJ) with laundering over $100 million worth of cryptocurrency that was previously hacked by North Korean fraudsters, the DOJ said on Tuesday (March 3). and unsealed on Monday (March 2), Tian Yinyin and Li Jiadong allegedly laundered cryptocurrency stolen by North Korean hackers between December 2017 and April 2019. “The

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Law Enforcement Money Laundering IRS OFAC 56

PYMNTS

AUGUST 14, 2019

The second was the rise of cryptocurrency (though during his remarks he tended to refer to it as Convertible Virtual Currency or CVC). In the era of advanced AI, it also has the power to be tool across all of law enforcement; applicable to uses ranging from fighting the opioid epidemic or taking on terrorism. “In

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Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

FICO

DECEMBER 23, 2020

Newly regulated areas such as digital assets and cryptocurrency businesses will likely undergo increased scrutiny (as companies transacting in digital assets are not exempt from AML requirements). whether a payment constitutes a potential violation of sanctions (OFAC) laws) and self-report.”.

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Financial Crimes Ransomware Crime AI 52

PYMNTS

AUGUST 22, 2019

Treasury is looking at numerous cryptocurrency addresses and people associated with them as part of the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act, Cryptovest reported on Thursday (Aug. The drug traffickers face sanctions after coordinated actions from OFAC, FinCen and U.S. law enforcement agencies.

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Treasury SDN Addressing OFAC 46