In the “Weekly Round-Up” we summarise and give extra reading suggestions for some of the past weeks financial crime news headlines, powered by Acuminor’s crime universe ThreatView®.
Weekend again! This week’s top stories for your weekend read are as follows.
Law enforcement in the USA has seized over $3.6 billion in cryptocurrency linked to a hack of the virtual currency exchange, Bitfinex, in 2016. The Deputy Attorney stated that “the defendants, in a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions”. The press release also contains “the statement of facts” that explains the fundamental ways they tried to launder the funds. It is a fascinating story.
The United States Department of Justice – Press Release
From the Asia/Pacific Group on Money Laundering (APG), a new publication on financing and facilitation of foreign terrorist fighters and returnees in southeast Asia has been released. It is a bit of a longer read, so grab it and sit down in a comfortable position for this.
To finish this week’s highlights, it ends with a study that came out last Friday from the U.S. Department of the Treasury. The Study on Illicit Finance in the High-Value Art Market. There has been a lot of talk about money laundering through non-fungible tokens (NFT) lately, but money laundering through the art market is nothing new and equally evolving
Want to learn more about what we do at Acuminor? Read about our world for more information, send me a message on LinkedIn or send an email to relations@acuminor.com.
Johan Landström
Co-founder and CISO Acuminor
