Cryptocurrency Money Laundering
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UK's FCA Warns Premier League Clubs Over Unauthorised Crypto Sponsor Risks
The UK Financial Conduct Authority has warned football clubs that sponsorship deals with unauthorised crypto firms could expose them to legal, financial, and reputational risks. The regulator has called for stronger due diligence on commercial partners.
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Nine Crypto Scam Centres Targeting US Users Shut Down in Joint Operation Involving UAE, US and China
A joint operation involving authorities from the UAE, the US, and China led to the shutdown of nine crypto scam centres and the arrest of 276 individuals. The crackdown targeted fraudulent investment platforms and cross-border money laundering activities linked to crypto scams.
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UK’s FCA Raids Multiple Sites Suspected of Illegal P2P Crypto Operations
The UK’s FCA has raided multiple locations linked to illegal P2P crypto trading operations. Authorities issued cease-and-desist notices and launched investigations with support from law enforcement agencies. The move reflects a broader crackdown on unregistered crypto activity amid rising financial crime concerns.
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Thailand Targets Crypto Mule Accounts Linked to Scams, Illegal Transfers as Authorities Freeze 10,000 Wallets
Thai crypto operators have frozen more than 10,000 accounts suspected of involvement in money laundering and scam-related transactions. The move follows tighter screening measures introduced by regulators and industry groups. Authorities say enhanced monitoring, stronger Know Your Customer procedures, and data sharing between exchanges, banks, and ...
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Cryptocurrency Use In Human Trafficking Rises Sharply In 2025: Report
A new report by Chainalysis reveals an 85% surge in cryptocurrency payments linked to suspected human trafficking networks in 2025, highlighting the growing role of digital assets in global criminal operations.
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Crime Or Clever Trading? MIT-Educated Brothers Face Trial For $25 Million Crypto Heist
The defense argues that the brothers simply outsmarted "predatory" automated trading bots, which is fair game in the crypto world.
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Inside World's Biggest Bitcoin Bust: How A Chinese Woman Laundered $6.7 Billion
The case led to the world's largest bitcoin seizure, with UK police confiscating assets worth $6.7 billion.
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Bybit Resumes Full Operations in India After Regulatory Approval
Bybit has reopened its app for Indian users after completing registration with the Financial Intelligence Unit-India (FIU-IND). Website access will be restored in phases over the next few days. The exchange had paused operations in January 2025 due to regulatory changes, but now resumes trading under India’s Prevention of Money Laundering Act (PM...
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Fake Call Centre Scammed Foreigners, Busted. Assets Attached By Enforcement Directorate
The Patna zonal office of the Enforcement Directorate (ED) has provisionally attached movable and immovable properties worth approximately Rs 2.83 crore under the Prevention of Money Laundering Act (PMLA), 2002.
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Australia Limits Crypto ATM Transactions to AUD 5,000 in Bid to Curb Scams, Money Laundering
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.78 lakh) on transactions processed via crypto ATMs. The agency highlighted that elderly individuals are purchasing cryptocurrencies via cash -- with many falling prey to notorious scams and fraudulent schemes.
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Luxembourg Labels Crypto Firms as High-Risk Entities for Money Laundering
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
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Malaysia Logs 300 Percent Rise in Electricity Theft Linked to Illegal Crypto Mining: Report
Illegal crypto mining operations in Malaysia rose to 2,397 in 2024 from the 610 cases reported in 2018. Law enforcement authorities there have reportedly initiated efforts to identify and bust locations they suspect are origins of unauthorised mining operations.
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US Department of Justice Reportedly Shuts National Cryptocurrency Enforcement Team
The US DoJ has reportedly disbanded the "National Cryptocurrency Enforcement Team". The members of the unit were informed about the development through an internal memo. The NCET included prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.
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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
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Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
-
UK's FCA Warns Premier League Clubs Over Unauthorised Crypto Sponsor Risks
The UK Financial Conduct Authority has warned football clubs that sponsorship deals with unauthorised crypto firms could expose them to legal, financial, and reputational risks. The regulator has called for stronger due diligence on commercial partners.
-
Nine Crypto Scam Centres Targeting US Users Shut Down in Joint Operation Involving UAE, US and China
A joint operation involving authorities from the UAE, the US, and China led to the shutdown of nine crypto scam centres and the arrest of 276 individuals. The crackdown targeted fraudulent investment platforms and cross-border money laundering activities linked to crypto scams.
-
UK’s FCA Raids Multiple Sites Suspected of Illegal P2P Crypto Operations
The UK’s FCA has raided multiple locations linked to illegal P2P crypto trading operations. Authorities issued cease-and-desist notices and launched investigations with support from law enforcement agencies. The move reflects a broader crackdown on unregistered crypto activity amid rising financial crime concerns.
-
Thailand Targets Crypto Mule Accounts Linked to Scams, Illegal Transfers as Authorities Freeze 10,000 Wallets
Thai crypto operators have frozen more than 10,000 accounts suspected of involvement in money laundering and scam-related transactions. The move follows tighter screening measures introduced by regulators and industry groups. Authorities say enhanced monitoring, stronger Know Your Customer procedures, and data sharing between exchanges, banks, and ...
-
Cryptocurrency Use In Human Trafficking Rises Sharply In 2025: Report
A new report by Chainalysis reveals an 85% surge in cryptocurrency payments linked to suspected human trafficking networks in 2025, highlighting the growing role of digital assets in global criminal operations.
-
Crime Or Clever Trading? MIT-Educated Brothers Face Trial For $25 Million Crypto Heist
The defense argues that the brothers simply outsmarted "predatory" automated trading bots, which is fair game in the crypto world.
-
Inside World's Biggest Bitcoin Bust: How A Chinese Woman Laundered $6.7 Billion
The case led to the world's largest bitcoin seizure, with UK police confiscating assets worth $6.7 billion.
-
Bybit Resumes Full Operations in India After Regulatory Approval
Bybit has reopened its app for Indian users after completing registration with the Financial Intelligence Unit-India (FIU-IND). Website access will be restored in phases over the next few days. The exchange had paused operations in January 2025 due to regulatory changes, but now resumes trading under India’s Prevention of Money Laundering Act (PM...
-
Fake Call Centre Scammed Foreigners, Busted. Assets Attached By Enforcement Directorate
The Patna zonal office of the Enforcement Directorate (ED) has provisionally attached movable and immovable properties worth approximately Rs 2.83 crore under the Prevention of Money Laundering Act (PMLA), 2002.
-
Australia Limits Crypto ATM Transactions to AUD 5,000 in Bid to Curb Scams, Money Laundering
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.78 lakh) on transactions processed via crypto ATMs. The agency highlighted that elderly individuals are purchasing cryptocurrencies via cash -- with many falling prey to notorious scams and fraudulent schemes.
-
Luxembourg Labels Crypto Firms as High-Risk Entities for Money Laundering
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
-
Malaysia Logs 300 Percent Rise in Electricity Theft Linked to Illegal Crypto Mining: Report
Illegal crypto mining operations in Malaysia rose to 2,397 in 2024 from the 610 cases reported in 2018. Law enforcement authorities there have reportedly initiated efforts to identify and bust locations they suspect are origins of unauthorised mining operations.
-
US Department of Justice Reportedly Shuts National Cryptocurrency Enforcement Team
The US DoJ has reportedly disbanded the "National Cryptocurrency Enforcement Team". The members of the unit were informed about the development through an internal memo. The NCET included prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.
-
FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
-
Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
