Organized crime syndicates in Europe are increasingly using "money mules" to launder their profits via bitcoins and other digital currencies, EU authorities claimed Tuesday. In a joint statement, Europol, Eurojust and the European Banking Federation said that bitcoins played a significant role in efforts by organized criminals in the United Kingdom, Switzerland and other European countries to launder at least €30 million in profits from online auction fraud, CEO impersonation fraud and other illicit schemes. Nearly 60 "money mule organizers" involved in the schemes recruited more than 750 individuals to funnel illegal proceeds through their bank accounts, the EU agencies...
CFATF blacklisted Belize and Guyana for failing to improve their AML regimes, the Dubai Financial Services Authority is suing Deutsche Bank AG for allegedly breaking AML rules, and more, in this week's roundup.
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