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2. Cryptocurrency and crime - Wikipedia

   en.wikipedia.org/wiki/Cryptocurrency_and_crime

   Due to the inability of third parties to de-pseudonymize crypto transactions criminal entities have often resorted to using cryptocurrency to conduct money laundering. [96] Especially ICOs lacking KYC guidelines and anti-money laundering procedures are often used to launder illicit funds due to the pseudonymity they offer. [81]

3. French investigators open fraud probe against crypto platform ...

   www.aol.com/news/french-investigators-open-fraud...

   The Financial Action Task Force (FATF), the global body responsible for tackling money laundering and terrorist financing, has previously warned that crypto assets "risk becoming a safe haven for ...

4. Australian regulator moves to curtail criminal use of ... - AOL

   www.aol.com/news/australian-regulator-moves...

   "Cryptocurrency and crypto ATMs are attractive avenues for criminals looking to launder money, as they are widely accessible and make near-instant and irreversible transfers," he said, adding that ...

5. KuCoin pleads guilty, agrees to pay nearly $300 million in US ...

   www.aol.com/kucoin-pleads-guilty-agrees-pay...

   KuCoin, one of the world's largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million in fines and ...

6. Cryptocurrency tumbler - Wikipedia

   en.wikipedia.org/wiki/Cryptocurrency_tumbler

   Tumblers take a percentage transaction fee of the total coins mixed to turn a profit, typically 1–3%. [3] Mixing helps protect privacy and can also be used for money laundering by mixing illegally obtained funds.

7. Tornado Cash - Wikipedia

   en.wikipedia.org/wiki/Tornado_Cash

   Tornado Cash was created in 2019, and was alleged by the U.S. Department of the Treasury to have been "used to launder more than $96 million of malicious cyber actors’ funds derived from the June 24, 2022 Harmony Bridge Heist". [5]

8. DOJ accuses crypto exchange KuCoin of money laundering ... - AOL

   www.aol.com/finance/doj-accuses-crypto-exchange...

   "In failing to implement even basic anti-money laundering policies, the defendants allowed KuCoin to operate in the shadows of the financial markets and be used as a haven for illicit money ...

9. Exclusive-North Korean hackers sent stolen crypto to wallet ...

   www.aol.com/news/exclusive-north-korean-hackers...

   In 2018, it said the ban sought to avoid investment losses due to crypto's volatility, cybercrime and the anonymity of the technology "which may cause risks of money laundering and financing of ...