A 47-year-old woman in the United Kingdom has been sentenced to 11 years in prison after authorities uncovered her role in controlling a vast cryptocurrency laundering operation tied to an international investment fraud. Investigators found that she attempted to convert billions in digital assets into luxury properties, jewelry, and cash, using complex schemes to disguise the true source of the funds. According to law enforcement, the woman spent several years amassing large

The $456 million reserve shortfall that prompted Justin Sun to bail out holders of the TrueUSD stablecoin is now the subject of a global freezing order upheld by Dubai’s Digital Economy Court. The dispute revolves around whether funds from TrueUSD’s reserves were improperly directed to Aria Commodities DMCC, a Dubai-based trade-finance firm involved in financing commodity shipments, mining projects, and other illiquid ventures across emerging markets, according to counsel for

The Bank of England (BoE) has unveiled a consultation paper detailing its plans to regulate systemic stablecoins, digital currencies designed to maintain a stable value against the pound sterling. The proposals, published on November 10, aim to ensure that stablecoins are sufficiently secure for everyday payments while protecting the broader UK economy. Systemic stablecoins are digital tokens whose value is linked to traditional money, such as the pound, or to assets like gov

One of the largest anti-money laundering (AML) supervision failures in Europe’s virtual asset sector has come to light, as the Bank of Ireland imposed a €21.4 million fine on Coinbase Europe after regulators discovered that more than 30 million crypto transactions escaped detection entirely.   The incident has exposed deep flaws in the company’s transaction monitoring systems—ranging from design and governance weaknesses to delayed disclosure, vendor oversight lapses, and a b

The European Commission is preparing a sweeping overhaul of financial market oversight that would bring stock exchanges, cryptocurrency trading platforms, and clearing houses under central EU supervision. The initiative aims to address fragmentation across Europe’s financial landscape and strengthen the bloc’s competitiveness against the United States. Currently, dozens of national and regional regulators oversee hundreds of trading and post-trade institutions across the EU —

Revolut has officially selected Cyprus as the central base for its European digital asset operations, following the company’s acquisition of a Markets in Crypto-Assets (MiCA) licence from the Cyprus Securities and Exchange Commission (CySEC) through its local entity, Revolut Digital Assets Europe Ltd. This newly granted authorization signals the beginning of a significant new chapter for both Revolut and Cyprus, as the MiCA regulation introduces a comprehensive European frame

Australia’s financial intelligence regulator, AUSTRAC, has intensified its crackdown on illicit cash-to-crypto operations, zeroing in on a key player whose compliance lapses expose growing vulnerabilities in the nation’s digital currency oversight. The enforcement action against Cryptolink Pty Ltd not only underscores AUSTRAC’s sharpened focus on crypto ATM operators but also highlights how traditional laundering techniques are being repurposed through emerging technologies.

A recent federal conviction in New York has exposed how seemingly modest cryptocurrency donations can evolve into a sophisticated terrorist-financing laundering operation. The case of Abdullah At Taqi and Mohamad David Hashimi demonstrates that even limited transfers disguised as charitable aid can sustain violent organisations when paired with modern digital tools and weak oversight. It also underscores how anti-money-laundering frameworks are adapting to trace cross-platfor

Britain’s financial markets regulator has initiated legal action against HTX, a global cryptocurrency exchange, accusing the firm of unlawfully promoting crypto asset services to UK consumers. The Financial Conduct Authority (FCA) confirmed that it had filed civil proceedings in London’s High Court against HTX, formerly known as Huobi, for violating Britain’s financial promotions regime. According to the FCA’s website, HTX is not authorised to operate in the United Kingdom. “

In a landmark action that redefines the scope of anti-money laundering (AML) enforcement in Canada, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has levied an unprecedented administrative monetary penalty of CAD 176,960,190 against the Canadian-registered entity Xeltox Enterprises Ltd., operating as Cryptomus. The penalty, imposed under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations, marks a wat

The Securities and Futures Commission (SFC) of Hong Kong has moved into a decisive new phase in reshaping anti-money laundering and compliance standards for digital asset funds. The regulator’s ASPIRe roadmap—first unveiled in early 2025 and reinforced at a recent industry seminar—signals a definitive shift from a period of regulatory experimentation toward an institutional-grade compliance regime. Under this new model, every participant in Hong Kong’s virtual asset ecosystem

Coinbase has urged the U.S. Department of the Treasury to modernize the nation’s anti-money-laundering (AML) frameworks, arguing that existing rules no longer reflect the realities of a digital financial ecosystem. In its October 2025 response to the Treasury’s Request for Comment on Innovative Methods to Detect Illicit Activity in Digital Assets, the exchange positioned itself at the heart of an evolving debate over how regulators and the crypto industry can collaborate to s

Serbia’s Ministry of Finance has drawn the attention of compliance professionals across Europe as it moves forward with plans to develop a nationwide digital asset surveillance capability. The initiative centers on a central monitoring system designed to absorb public blockchain data, enrich it with intelligence on entities, and cross-reference it with reports from regulated institutions. This integrated approach could redefine how suspicious financial activity is detected an

Despite being blacklisted in 2022 and repeatedly pursued by regulators and investigators, Garantex and its network of spin-offs have continued to move vast sums across borders. Between 2019 and 2025, blockchain analytics trace approximately $96 billion in transactions to entities linked to Garantex, with at least $1.3 billion directly associated with criminal activity. These flows were not isolated occurrences but part of a sophisticated, parallel payment ecosystem engineered

The European Banking Authority (EBA) has published a report highlighting attempts within the crypto industry to circumvent newly...

From the market turbulence at the start of the year to the explosive summer rally fueled by institutional investments, ETFs, and...

Money laundering has long been one of the greatest risks facing financial innovation, and the emergence of central bank digital...

A group of leading European banks is planning to launch a new euro-denominated stablecoin, aiming to bring crypto-averse investors in the...

KuCoin is once again in the regulatory spotlight after Canada’s financial intelligence unit, FINTRAC, imposed a CA$19,552,000 penalty on...

The Royal Canadian Mounted Police (RCMP) have carried out the country’s largest cryptocurrency seizure to date, recovering more than C$56...