#illicit-finance
#illicit-finance

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Crosschain swaps move $21B in illicit funds, up 200% in two years: Elliptic

At least $21.8 billion in illicit or high-risk crypto has flowed through crosschain swaps, up from $7 billion in 2023, according to estimates by UK-based blockchain analytics firm Elliptic.

Cryptocurrency

fromBitcoin Magazine

3 weeks ago

Myths Busted And Conflicts Of Interest Noted At Senate Banking Crypto Market Structure Hearing

In his opening remarks, Senator Scott emphasized that more illegal activities occur with cash than with crypto, suggesting that cash carries greater risks for illicit finance.

US politics

Privacy professionals

fromwww.theguardian.com

10 months ago

Lack of City of London oversight hurting efforts to halt dirty money, FCA warns

Improper oversight of professional bodies in London is undermining efforts to combat money laundering.

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#illicit-finance#illicit-finance

Crosschain swaps move $21B in illicit funds, up 200% in two years: Elliptic

Myths Busted And Conflicts Of Interest Noted At Senate Banking Crypto Market Structure Hearing

Lack of City of London oversight hurting efforts to halt dirty money, FCA warns

#illicit-finance
#illicit-finance