The U.S. Treasury Department released the 2024 Illegal Finance Report this week, examining the threats of money laundering and terrorist financing and their combating strategies. The loopholes mentioned include mixers, anonymous coins, and banks' deficiencies in anti-money laundering and counter-terrorist financing, and cited the prosecution of Binance as an example of its successful supervision. In addition, continued investment in the training of law enforcement professionals is needed to deal with criminals abusing new technologies such as virtual assets to make illegal profits. (DL News)