money laundering
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U.S., international agencies arrest 276 in crypto scam crackdown
International authorities arrested at least 276 suspects and shut down nine scam centers in a crackdown on cryptocurrency investment fraud schemes that targeted Americans and caused millions of dollars in losses.
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Europol-backed operation dismantles online fraud call centres in Albania
Europol-supported investigators have dismantled a Tirana-based online fraud network accused of causing at least EUR 50 million in losses. Ten people were arrested and cash, computers and phones were seized in coordinated raids.
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UK sanctions Xinbi marketplace linked to Southeast Asian scam centres
The U.K. has sanctioned Xinbi, a Chinese-language marketplace accused of selling stolen data and cryptocurrency services to scam centres in Southeast Asia, and targeted the operators of a large scam compound known as #8 Park, as part of efforts to disrupt crypto-based money laundering and large-scale investment fraud.
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Armenian Extradited to U.S. on Charges of Helping Run RedLine Infostealer
Hambardzum Minasyan, an Armenian national, was extradited to the U.S. and charged with helping manage the RedLine infostealer operation by registering servers, domains and a cryptocurrency account used for affiliate payments; he faces federal counts that carry up to 30 years in prison.
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Authorities shut down cryptocurrency mixer Cryptomixer, seize nearly $28 million in Bitcoin
European authorities shut down the cryptocurrency mixer Cryptomixer and seized nearly $28 million in Bitcoin, servers and data in an operation Europol said was part of a wider effort to disrupt money laundering tied to ransomware, fraud and other crimes.
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U.S. Treasury sanctions eight people and two firms tied to North Korean money‑laundering and cybercrime
The U.S. Treasury has sanctioned eight individuals and two entities alleged to have laundered proceeds from North Korean cybercrime and fraudulent IT‑worker schemes, naming banks, an IT company and several representatives in China and Russia and linking crypto flows to those operations.
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Chinese Cyber Syndicates Laundering Millions through India’s Financial System
A new report reveals that Chinese cyber syndicates are laundering over $580 million annually in India through illegal payment gateways and fake apps, posing a significant risk to the country’s financial security and economic trust.
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U.S. Disrupts North Korean IT Worker Scams Targeting American Firms
The U.S. Department of Justice has successfully disrupted North Korean scams involving fake IT workers who infiltrated over 100 American companies, embezzling significant amounts of money and stealing sensitive data intended for Pyongyang.
