Day: December 1, 2022

Written by FinCrime

Operation Crypto Runner: Eastern District of Texas Announces Multi-Year Investigation into Transnational Cryptocurrency Money Laundering Networks

Reported by: U.S. Attorney’s Office, Eastern District of Texas According to court documents unsealed today, 21 individuals have been charged for their roles in transnational money laundering networks, including those that laundered millions of dollars stolen from United States fraud victims through romance scams, business email compromises, technical support schemes, and other fraud schemes. U.S. […]

Written by FinCrime

Lawyers Should Be Key Reporters in Anti-Money Laundering Efforts

Reported by: JUSTYNA GUDZOWSKA and JONATHAN M. WINER International standards have evolved to include legal professionals among those required to help prevent and report cases of money laundering. But loopholes in US anti-money laundering laws continue to exempt many gatekeepers in the financial system. This includes certain lawyers and accountants, as well as company agents […]