金融犯罪
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Report: U.S. Treasury investigates $165 million in cryptocurrency transactions linked to Hamas support
FinCEN’s letter suggests that reports of activist groups’ use of cryptocurrencies may be exaggerated.
The U.S. Treasury Department is investigating $165 million in cryptocurrency transactions that may have supported the Palestinian militant group Hamas, according to a new report from the Wall Street Journal (WSJ).
A letter signed by U.S. Treasury Undersecretary Adewale Adeyemo revealed the conclusions based on a review of suspicious activity reports submitted between January 2020 and October 2023.
Deputy Minister of Finance promotes legislation
In a letter to leaders of the Senate Banking Committee and House Financial Services Committee, Adeyemo urged support for legislation that would expand the Treasury Department’s regulatory authority over cryptocurrency transactions.
The U.S. Treasury Department is investigating $165 million in cryptocurrency transactions that may have supported the Palestinian militant group Hamas, according to a new report from the Wall Street Journal (WSJ).
A letter signed by U.S. Treasury Undersecretary Adewale Adeyemo revealed the conclusions based on a review of suspicious activity reports submitted between January 2020 and October 2023.
Deputy Minister of Finance promotes legislation
In a letter to leaders of the Senate Banking Committee and House Financial Services Committee, Adeyemo urged support for legislation that would expand the Treasury Department’s regulatory authority over cryptocurrency transactions.
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What do you think about the recent domestic tea explosion?
The collapse of the domestic Pancha (financial tea) incident is actually another microcosm of the chaos of China's financial fundraising. Such incidents usually attract investors with novel investment forms, but in essence they hide huge risks and potential scams. The collapse of the Pancha incident reveals some worrying trends and problems in the current financial market.
Event background and pattern
The Pan-Tea Project initially attracted a large number of investors with its high returns and low risks. Many investors were promised that they could get rich returns by investing in tea. Such projects often use the guise of traditional culture to gain trust by taking advantage of the Chinese people's identification with tea culture. However, in reality, the operating model of these projects is mostly a Ponzi scheme, that is, new funds are used to pay returns to old investors. Once the capital chain is broken, the entire system will collapse.
Event background and pattern
The Pan-Tea Project initially attracted a large number of investors with its high returns and low risks. Many investors were promised that they could get rich returns by investing in tea. Such projects often use the guise of traditional culture to gain trust by taking advantage of the Chinese people's identification with tea culture. However, in reality, the operating model of these projects is mostly a Ponzi scheme, that is, new funds are used to pay returns to old investors. Once the capital chain is broken, the entire system will collapse.
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Europol: The use of privacy coins as alternatives is increasing, but Bitcoin is still the first choice for criminals
Amid the crypto-currency boom, Bitcoin remains the currency of choice for criminals, although the use of privacy coins such as Monero (XMR) is quietly on the rise, according to Europol’s latest Internet Organized Crime Threat Assessment report.
The Europol report clearly states that although the rise of privacy coins has provided new options for criminals, Bitcoin remains the main tool for illegal financial activities due to its wide circulation and easy access.
Bitcoin's popularity among criminals raises concerns
The Europol report clearly states that although the rise of privacy coins has provided new options for criminals, Bitcoin remains the main tool for illegal financial activities due to its wide circulation and easy access.
Bitcoin's popularity among criminals raises concerns
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"Shocked! Bank executives colluded to launder 2.6 billion yuan, and virtual currency became a money laundering tool!"
💥 Heavy revelations! Major case of bank executives: PANews reported on June 18 that according to Jiemian News, the Judgment Documents Network disclosed a shocking case. In August 2020, Li Yulin, former Party Secretary of Huludao Bank, and Li Xiaodong, President, colluded with shareholders Duan Moutao and Zhou Moulong to fabricate asset management plans under the pretext of resolving non-performing assets and embezzled bank funds of up to 2.6 billion yuan!
💸 Black money is surging, cross-border money laundering: In September 2020, Zhou Moulong and Xiang Mou (handled in another case) and others conspired to illegally convert more than 1.8 billion yuan of the money into foreign currency and transferred it to the Hong Kong company account controlled by Duan Moutao. Then, they purchased virtual currency at a price higher than the market price through the virtual currency trading WeChat group, and then sold it through overseas virtual currency buyers to convert it into US dollars and remit it to the Hong Kong account.
🚨 Virtual currency becomes a tool for money laundering: The court determined that Chen knew that the funds were proceeds of crime, but still helped convert them into virtual currency and transfer them overseas, and his behavior constituted the crime of money laundering. In the end, the court sentenced Chen to 2 years and 3 months in prison for money laundering, and fined him 2 million yuan. The illegal proceeds were recovered according to law.
🔍 Case warning: This case reveals the potential risks of virtual currency in money laundering activities, and also reminds us to strengthen our vigilance and prevention against financial crimes. The high liquidity and anonymity of virtual currency make it a new tool for criminals to launder money.
📢 Continue to pay attention: Please continue to pay attention to the follow-up progress of this case, and we will bring you more detailed reports.
#金融犯罪 $BTC $ETH $BNB #新币挖矿 #美联储何时降息？ #BTC走势分析 #meme板块关注热点
💥 Heavy revelations! Major case of bank executives: PANews reported on June 18 that according to Jiemian News, the Judgment Documents Network disclosed a shocking case. In August 2020, Li Yulin, former Party Secretary of Huludao Bank, and Li Xiaodong, President, colluded with shareholders Duan Moutao and Zhou Moulong to fabricate asset management plans under the pretext of resolving non-performing assets and embezzled bank funds of up to 2.6 billion yuan!
💸 Black money is surging, cross-border money laundering: In September 2020, Zhou Moulong and Xiang Mou (handled in another case) and others conspired to illegally convert more than 1.8 billion yuan of the money into foreign currency and transferred it to the Hong Kong company account controlled by Duan Moutao. Then, they purchased virtual currency at a price higher than the market price through the virtual currency trading WeChat group, and then sold it through overseas virtual currency buyers to convert it into US dollars and remit it to the Hong Kong account.
🚨 Virtual currency becomes a tool for money laundering: The court determined that Chen knew that the funds were proceeds of crime, but still helped convert them into virtual currency and transfer them overseas, and his behavior constituted the crime of money laundering. In the end, the court sentenced Chen to 2 years and 3 months in prison for money laundering, and fined him 2 million yuan. The illegal proceeds were recovered according to law.
🔍 Case warning: This case reveals the potential risks of virtual currency in money laundering activities, and also reminds us to strengthen our vigilance and prevention against financial crimes. The high liquidity and anonymity of virtual currency make it a new tool for criminals to launder money.
📢 Continue to pay attention: Please continue to pay attention to the follow-up progress of this case, and we will bring you more detailed reports.
#金融犯罪 $BTC $ETH $BNB #新币挖矿 #美联储何时降息？ #BTC走势分析 #meme板块关注热点
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[Shocking] Lithuania issued a $10 million fine to Payeer for violating Russian sanctions!
🔥 Just now! The Lithuanian Financial Crime Investigation Bureau (FNTT) imposed a huge fine of nearly 9.3 million euros (about 10 million US dollars) on the cryptocurrency company Payeer! The reason is that Payeer provided transaction convenience for sanctioned Russian banks and customers, failed to report transactions exceeding 15,000 euros, and customer identity verification was not up to standard!
💥 The company was only registered in Lithuania in 2022 and started operations in early 2023. In a short period of time, it attracted more than 213,000 customers and revenue exceeded 164 million euros. But in order to make more money, Payeer deliberately ignored compliance regulations. Not only did it not stop sanctioned transactions, but it also did not cooperate with the investigation. It was simply a "hardcore" operation!
⚠️ The sky-high fine issued by FNTT this time is a warning to remind all companies not to touch the red line of sanctions! Although Payeer can still appeal, this incident has undoubtedly sounded a wake-up call for them.
Is Payeer's operation bold or ignorant? #CPI数据 #立陶宛 #加密货币课程 #俄罗斯制裁 #金融犯罪
🔥 Just now! The Lithuanian Financial Crime Investigation Bureau (FNTT) imposed a huge fine of nearly 9.3 million euros (about 10 million US dollars) on the cryptocurrency company Payeer! The reason is that Payeer provided transaction convenience for sanctioned Russian banks and customers, failed to report transactions exceeding 15,000 euros, and customer identity verification was not up to standard!
💥 The company was only registered in Lithuania in 2022 and started operations in early 2023. In a short period of time, it attracted more than 213,000 customers and revenue exceeded 164 million euros. But in order to make more money, Payeer deliberately ignored compliance regulations. Not only did it not stop sanctioned transactions, but it also did not cooperate with the investigation. It was simply a "hardcore" operation!
⚠️ The sky-high fine issued by FNTT this time is a warning to remind all companies not to touch the red line of sanctions! Although Payeer can still appeal, this incident has undoubtedly sounded a wake-up call for them.
Is Payeer's operation bold or ignorant? #CPI数据 #立陶宛 #加密货币课程 #俄罗斯制裁 #金融犯罪
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Illegal USDT transactions and global regulatory challenges caused by the Hong Kong boy kidnapping case
Tether, the issuer of the USDT digital currency, has recently come under increasing regulatory scrutiny for its involvement in major illegal transactions. It is reported that the pressure of this scrutiny comes from the connection between its digital currency and multiple illegal financial activities.
On July 3, a shocking kidnapping case occurred in the Tseung Kwan O area of Hong Kong. A 3-year-old boy was kidnapped in a shopping mall. After committing this crime, the kidnappers demanded a ransom of up to US$660,000 from the boy's family, which is equivalent to about HK$5.15 million. The amount of the ransom is shocking and also reflects the seriousness of the case.
On July 3, a shocking kidnapping case occurred in the Tseung Kwan O area of Hong Kong. A 3-year-old boy was kidnapped in a shopping mall. After committing this crime, the kidnappers demanded a ransom of up to US$660,000 from the boy's family, which is equivalent to about HK$5.15 million. The amount of the ransom is shocking and also reflects the seriousness of the case.