COMPLIANCE

Garantex Reemerges: How a Sanctioned Crypto Network Continues to Launder Billions Across Borders

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

COMPLIANCE

6 hours ago4 min read

Garantex Reemerges: How a Sanctioned Crypto Network Continues to Launder Billions Across Borders

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

EFG Capital’s $650,000 Sanction Exposes Deep-Rooted AML Oversight Gaps in Cross-Border Brokerage Operations

The recent $650,000 sanction imposed on EFG Capital International underscores one of the most persistent vulnerabilities in cross-border brokerage operations: the gap between automated anti-money laundering (AML) systems and effective human oversight. The Miami-based broker-dealer, known for its extensive dealings with international clients and intricate wealth structures, came under intense regulatory scrutiny after FINRA concluded that its AML program had failed to detect s

Vietnam Intensifies Anti-Money Laundering Reforms Amid FATF Grey List Pressure

Vietnam’s anti-money laundering (AML) efforts have entered a decisive and highly scrutinized stage as the government moves to close the deficiencies highlighted by the Financial Action Task Force (FATF). Since the country’s inclusion on the FATF grey list in 2023, international attention has focused sharply on its financial institutions, digital asset exchanges, and regulators, all of which are under pressure to prove that their compliance reforms go beyond symbolic measures.

FINTRAC’s Penalty Against DMCL Sends a Clear Warning to Canada’s Non-Financial Sectors

A recent enforcement action has placed DMCL Chartered Professional Accountants squarely under the national spotlight, underscoring that...

EBA Flags Crypto Firms Attempting to Sidestep EU Regulations Amid MiCA Transition

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

EBA’s Final Implementation Review Warns Europe Against Complacency in the Fight Against Financial Crime

Released on October 8, 2025, the European Banking Authority’s (EBA) final implementation review serves as both a progress assessment and...

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