A highly unusual transaction involving the cryptocurrency “$Company” drew significant attention within the blockchain community. A specific wallet, identified as 3xwRKt, executed a substantial purchase of approximately $1.6 million worth of “$Company.” This transaction immediately raised eyebrows due to the coin’s remarkably small market capitalization of just $20,000. Concurrently, three other wallets, 7Hkpf3, 719isQ, and…
MANILA, Philippines— As the Philippines celebrates its removal from the European Commission’s ‘high-risk’ list for money laundering, calls are mounting for tighter regulation of two of its fastest-growing but most vulnerable sectors: cryptocurrency and online gambling. Experts, including global credit agency Moody’s, warn that despite the country’s progress in aligning with global anti-money laundering standards,…
Germany’s anti-money laundering authority has sounded the alarm on the increasing use of cryptocurrencies in illicit finance, reporting a record 8.2% year-on-year rise in crypto-related suspicious activity reports (SARs). According to the 2024 annual report from the Financial Intelligence Unit (FIU), digital assets are now embedded in complex, global money laundering networks and traditional financial…
Singapore, June 12— In a sweeping crackdown on crypto-fueled financial crime, Singapore police have arrested 49 individuals linked to a digital account rental scheme that enabled large-scale money laundering through cryptocurrencies. The joint operation, carried out by Singapore’s Anti-Scam Command between May 13 and 30 in partnership with digital payment firm StraitsX, marks a major…
