Offshore crypto exchanges aren't as "offshore" as they would like regulators to think.
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Summary: The portion of law enforcement 314(a) requests involving money laundering has increased in recent […]
Alison Jimenez was quoted in a MoneyLaundering.com article regarding FinCEN's advisory on Human Smuggling.
After years of neglect, it appears that Human Smuggling financing is a priority to government agencies. Human Smuggling Suspicious Activity Reports (SARs) filed by MSBs have skyrocketed since mid-2021 while banks' filings have remained flat. FinCEN issued then deleted a Human Smuggling Alert on 12/16/2022.
Weaponized KYC is when organizations collect KYC information and then use the data to inflict harm on customers.
With public blockchains and blockchain analytics, why do crypto frauds & failures keep surprising us?
Reporting, discovering, and researching drug trafficking SARs is hindered by the lack of a drug trafficking SAR checkbox.
