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Five Latvian lenders allegedly failed to report suspiciously large deposits and withdrawals of euros three Dutch men acquired with cryptocurrency as part of a scheme to launder their clients’ drug profits and other criminal proceeds, investigators told ACAMS moneylaundering.com. On April 3, a Dutch court found the men, all in their 20s, culpable of laundering €10 million-worth of bitcoins from January 2014 to October 2015. The group advertised their services online, used tumblers and exchanges to swap illicit bitcoins and convert them into euros anonymously, then funneled the funds through domestic and foreign accounts, the court heard. “We asked the...