๐จ Crypto Alert! ๐จ
The Eurasian Group on Combating Money Laundering warns of rising complex money laundering schemes using crypto in 2024. Professional launderers are leveraging fake identities, known as "droppers," and crypto exchanges, including foreign ones, for illicit activities.
Switzerland's FINMA echoes concerns, noting stablecoins' role in cyberattacks and dark web transactions. They're boosting anti-money laundering efforts with audits and risk management updates.
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