A new research by Chainalysis, the blockchain data platform, has revealed that the amount of cryptocurrency laundered by cybercriminals increased by a staggering 30% year-on-year over 2020, amounting to USD 8.6 billion.Read More…
Dubai Courts announced the establishment of a specialised court, focused on combating money laundering, within the Court of First Instance and Court of Appeal. The move, which seeks to strengthen the integrity of the financial system, follows the establishment of the Executive Office of the Anti-Money Laundering & Countering theRead More…
SWIFT and BAE Systems Applied Intelligence today published ‘Follow the Money’, a new report that describes the complex web of money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after a cyber-attack.Read More…
Last month, the Department of Justice in the US, charged a Lithuanian man for fraud, aggravated identity theft, and money laundering. This was done after documents revealed he scammed two major tech companies for over $100 million by masquerading as a Taiwanese electronics manufacturer. A Fortune report last week identified thoseRead More…
