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Midweek Roundup: OCC Vets VASPs, Chinese Fraudster Convicted, and More

The U.S. Office of the Comptroller of the Currency has formed a "novel banking supervision team" to screen a new wave of applications for national trust charters from virtual asset service providers and afterwards supervise any that secure one, sources told ACAMS moneylaundering.com. More Zhimin Qian, the admitted mastermind of a £5 billion investment fraud in China, pleaded guilty in London to laundering money in a case marked by Britain's largest-ever seizure of cryptocurrency, moneylaundering.com reported. More A Malaysian resident of Britain then pleaded guilty to laundering £16 million of bitcoins for Qian, the Straits Times reported. More U.K. officials...

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