Cryptocurrency firms have reported and hindered several schemes to launder millions of dollars in recent years but must better familiarize themselves with complex layering strategies and dozens of warning signs of illicit finance, according to the Financial Action Task Force.
An overseas cryptocurrency exchange has been ordered by the High Court in London to restrain $950,000 in bitcoins from the suspected perpetrators of a ransomware attack on a Canadian insurance firm last year, and identify the person or persons who hold them.
U.K. lenders have begun sharing information on suspicious transfers in real time and increasingly analyzing nonfinancial data to stop cybercriminals and others from laundering profits through money-mule accounts, a London-based policy center has found.
print