Reported by Consumer Financial Protection Bureau (CFPB) Fraud in gaming markets The ability to transfer and otherwise convert gaming assets to fiat currency or crypto-assets has led to a proliferation of money laundering137and fraud138 on gaming platforms. Researchers and academics have found that gaming markets can facilitate illegal money laundering.139 For example, a person can open different […]

Reported by Wong Shiying & Nadine Chu Two men convicted in Singapore’s largest money laundering case surrendered more than $170 million worth of assets in total to the state, after they pleaded guilty earlier this week. Cambodian national Su Wenqiang forfeited assets worth over $5.9 million. He was sentenced to 13 months’ jail after admitting to two […]