Top UK graft prosecutors joined Trump’s Venezuela oil baron during Sw…

• Three senior UK corruption prosecutors moved to work for Venezuelan billionaire Alejandro Betancourt's oil company, NABEP, while Swiss authorities were seeking his extradition for money laundering.
• Betancourt recently signed a significant oil deal with Donald Trump, and the Swiss extradition request was subsequently dropped, though investigations in Spain continue.
• The move raises concerns about 'revolving door' practices and the integrity of the Serious Fraud Office, especially as the prosecutors were leading a major corruption trial against Glencore.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Enforcement actions litigation, Regulatory sandboxes pilots, Banking depository pilots

Tags: #alejandrobetancourt #seriousfraudoffice #venezuela #oildeal #extradition #moneylaundering #nabep #glencore #sfolawyers #trump

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Tether, Binance and a $1.5 billion Iran oil network converge in new US forfeiture case

US Prosecutors traced Tether's USDT through Hong Kong intermediaries, Binance accounts and wallets linked to Iranian entities.

• US prosecutors are seeking to seize $61 million in USDT linked to alleged Iranian oil sales, tracing funds through intermediaries and Binance.
• Tether's ability to freeze and burn tokens is highlighted as a key enforcement mechanism in this case and others.
• While Binance is not accused of wrongdoing, the case illustrates the convergence of crypto platforms, stablecoins, and traditional finance in illicit activities.

Topics: Asset types, Legal regulatory, Blockchain usage, Stablecoins digital cash, Enforcement actions litigation, Ethereum evm l 1 s

Tags: #tether #usdt #binance #iran #oilsales #civilforfeiture #sanctions #tron #usprosecutors #moneylaundering

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Thailand SEC Proposes $151K Daily Cap on Stablecoin Transfers

The proposed rules would limit each person's one-way stablecoin transfers to about $151,000 per day through verified accounts.

• Thailand's SEC is proposing a daily transfer cap of approximately $151,000 for stablecoins to mitigate risks like money laundering and cybercrime.
• The proposed regulations mandate that all stablecoin deposits and withdrawals must occur through verified accounts, with exemptions for transfers between regulated operators adhering to the Travel Rule.
• This move aligns with a global trend of increased stablecoin regulation and could influence regional standards for digital asset payments.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, 3 1 securities law classification, 2 1 established hubs, 6 1 ethereum evm l 1 s

Tags: #thailandsec #stablecoin #transfercap #moneylaundering #cybercrime #travelrule #digitalassetpayments #regulatoryoversight #aml

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Thailand stablecoin proposal limits third-party transfers

Thailand’s stablecoin proposal would restrict transfers through licensed firms to customers’ own wallets, with daily caps. Comments close September 25.

• Thailand's SEC has proposed new regulations for stablecoin transfers, requiring transfers to and from a customer's own verified wallet.
• The proposal aims to curb risks associated with money laundering and circumvention of international transfer rules, imposing daily caps on transactions.
• These new rules are currently in a public consultation phase, with a separate Travel Rule set to take effect in February 2027.

Topics: Legal regulatory, Jurisdictions, Compliance, Securities law classification, Cross jurisdictional policy, Aml antimoneylaundering

Tags: #thailand #stablecoin #regulation #sec #usdt #transfers #travelrule #moneylaundering #dailycaps

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Brazil to Delay Some Crypto Transfers Above $10,000 for Up to 24 Hours

Brazil will require certain crypto transfers above $10,000 to face up to a 24-hour delay starting Jan. 1, 2027, as the central bank strengthens fraud

• Brazil's central bank will implement a 24-hour delay for certain cryptocurrency transfers exceeding $10,000 starting January 1, 2027, to combat fraud.
• This measure applies to transfers involving cryptocurrencies and stablecoins, including those sent to foreign platforms or self-custody wallets, aiming to create a window for risk assessment.
• The new regulation is part of Brazil's broader strategy to enhance regulatory supervision over the digital asset market, balancing speed with security and compliance.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Private enterprise ledgers

Tags: #brazil #cryptotransfers #delay #fraudprevention #centralbank #stablecoins #selfcustodywallets #regulation #virtualassetserviceproviders #moneylaundering

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Brazil tightens crypto rules with new $10K transfer rule – Report

Brazil's latest action does not amount to the freezing or permanent blocking of cryptocurrency assets, but necessary checks...

• Brazil's central bank is implementing new regulations for cryptocurrency transfers starting in 2027 to combat fraud.
• Transfers exceeding $10,000 will face a 24-hour delay for risk assessment, aiming to prevent funds linked to scams.
• Despite increased adoption, Brazil has seen a significant rise in illicit crypto activity, prompting these stricter measures.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Emerging hubs, Enforcement actions litigation, Non evm chains

Tags: #brazil #cryptocurrency #regulation #antifraud #transfers #selfcustody #virtualassetserviceproviders #illicitinflows #moneylaundering #tether

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Resumen semanal NFT: cierres en gaming Web3, fraude millonario y la OFAC sanciona a una firma en EAU

Ubisoft cierra Champions Tactics, Proof of Play cesa operaciones y EE. UU. avanza con acusaciones por fraude y sanciones vinculadas al sector NFT.

• The Web3 gaming and NFT sector is experiencing significant challenges, with major projects like Ubisoft's Champions Tactics shutting down and Proof of Play ceasing operations after raising $33 million.
• Regulatory and legal pressures are increasing, as evidenced by US fraud accusations against the founder of NFT startup Few and Far for allegedly misappropriating over $10 million, and OFAC sanctions against NFT Home DMCC for alleged links to an Iranian money laundering network.
• These events highlight ongoing concerns about the sustainability of Web3 gaming business models and the increasing scrutiny from financial regulators.

Topics: Asset types, Legal regulatory, Scalability, Alternative assets, Enforcement actions litigation, Growth metrics

Tags: #nft #web3gaming #ubisoft #proofofplay #fraud #ofacsanctions #moneylaundering #regulatorypressure #ftx #nearfoundation

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Iran-Linked Crypto Exchange Handled $6.3 Billion, TRM Says

Shelbit handled more than $6.3 billion in transactions between May 2024 and March 2026, according to a report from TRM Labs. The report ties $5.6 million in transfers from Shelbit to wallets associated with the IRGC as well as $2 million in transfers to a wallet subsequently identified as linked to Hamas. Shelbit's founder and several companies were blacklisted for helping to launder billions of dollars for the Iranian regime and support the Islamic Revolutionary Guard Corps, according to a statement from the Department of the Treasury.

• Iran-linked crypto exchange Shelbit handled over $6.3 billion in transactions, with significant amounts linked to the IRGC and Hamas.
• The US has sanctioned Shelbit, its founder, and associated companies for facilitating illicit financial activities for the Iranian regime.
• The exchange's operations highlight the growing use of crypto for bypassing sanctions and funding illicit economies, despite regulatory crackdowns.

Topics: Legal regulatory, Blockchain usage, Compliance, Enforcement actions litigation, Non evm chains, Aml antimoneylaundering

Tags: #shelbit #iran #cryptoexchange #sanctions #trmlabs #irgc #hamas #moneylaundering #blockchainanalytics #tronblockchain

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Treasury Sanctions Crypto Exchanges It Says Laundered Millions for Iran

The U.S. Treasury sanctioned two crypto exchanges it says laundered millions of dollars for Iran's Revolutionary Guard, naming a Georgia- and UAE-based operator and an Iran-based platform.

• The U.S. Treasury has sanctioned two crypto exchanges, Shelbit Exchange and Aban Tether, for allegedly laundering millions of dollars for Iran's Revolutionary Guard.
• The sanctions are part of the 'Economic Fury' campaign, targeting both crypto and traditional shadow banking networks used by Iran.
• The action includes freezing U.S.-touching assets and offers rewards for information disrupting the IRGC's financial mechanisms.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Emerging hubs, Enforcement actions litigation, Non evm chains

Tags: #treasurysanctions #cryptoexchanges #iranrevolutionaryguard #moneylaundering #economicfury #siavashkayvanpour #shelbitexchange #sdnlist #virtualassetsregulatoryauthority #abantether

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UK Inquiry Probes Banking Barriers Facing Crypto Firms

• A UK parliamentary group is investigating banking restrictions faced by crypto firms, including account access and transaction limits.
• Crypto businesses report significant transaction rejections and a hostile banking environment, leading to concerns about investment and competition.
• The inquiry aims to assess the proportionality of these restrictions and their impact on the UK's ambition to be a crypto hub, especially as new licensing rules approach.

Topics: Jurisdictions, Legal regulatory, Banks bankingsystems, Established hubs, Licensing issuer obligations, Custody asset servicing

Tags: #ukinquiry #cryptofirms #bankingbarriers #accountaccess #transactionrestrictions #fca #moneylaundering #fraudrisk #regulatorystatus #allpartyparliamentarygroup

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Argentina Football Federation faces FBI probe and misinformation storm as $ARG fan token hangs in the balance

• The Argentina Football Federation (AFA) is under an FBI investigation for suspected money laundering related to $300 million in transactions tied to commercial rights.
• The AFA has also been targeted by cyber-attacks spreading misinformation about refereeing, coinciding with Egypt's formal complaint to FIFA.
• Despite these controversies, the $ARG fan token's trading is primarily driven by Argentina's on-field performance, but a prolonged investigation could impact commercial partnerships and the broader fan token ecosystem.

Topics: Asset types, Legal regulatory, Scalability, Alternative assets, Enforcement actions litigation, Market depth liquidity

Tags: #argentinafootballfederation #fantoken #fbiprobe #moneylaundering #cyberattack #misinformation #chiliz #argtoken #commercialrights #regulatoryscrutiny

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Justice Department’s Criminal Division raises concerns over crypto legislation’s impact on money laundering prosecutions

• The DOJ's Criminal Division has raised concerns that the CLARITY Act's exemptions for DeFi and mixers could hinder money laundering prosecutions.
• Law enforcement organizations and Transparency International US are calling for amendments to Section 604 of the bill, which provides broad exemptions for decentralized services.
• The debate centers on whether the CLARITY Act will ultimately strengthen or undermine the integrity of digital asset markets by creating a two-tier regulatory system.

Topics: Legal regulatory, Compliance, Blockchain usage, 3 1 securities law classification, 26 1 aml antimoneylaundering, 26 3 on chain analytics, 6 1 ethereum evm l 1 s

Tags: #clarityact #doj #moneylaundering #defi #mixers #prosecutions #enforcement #digitalassets #banksecrecyact #regulatoryclarity

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CLARITY Act Gains Federal Support but Faces DeFi Demands

Key Takeaways FLEOA backs CLARITY with targeted DeFi changes. Group rejects specific-intent liability threshold. Section 604 remains the bill’s central […] The post CLARITY Act Gains Federal Support but Faces DeFi Demands appeared first on Coindoo.

• The CLARITY Act, aiming to establish a federal digital-asset market framework, has gained support from FLEOA, a federal officers organization, but with conditions.
• Key disagreements persist around Section 604, concerning developer liability and the definition of 'control' in decentralized systems, with FLEOA advocating for a 'knowledge standard' over 'specific intent'.
• Additionally, banking associations are pushing for amendments to restrict stablecoin rewards, creating further complexities for the bill's passage.

Topics: Legal regulatory, Blockchain usage, Institutional adoption, Securities law classification, Private enterprise ledgers, Banking depository pilots

Tags: #clarityact #defi #fleoa #protocolaccountability #criminalintent #section604 #stablecoinrewards #developerprotections #regulatoryframework #moneylaundering

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Thailand Central Bank Audits USDT Amid Gray Money Crackdown

• Thailand's central bank and SEC are auditing high-volume USDT transactions as part of a crackdown on illicit finance and 'gray money'.
• The measures aim to prevent regulated entities from facilitating corruption by expanding compliance duties to include cash, forex, gold, and suspicious stablecoin transactions.
• High-value cash deposits and exchanges will require source-of-funds declarations, reflecting ongoing regulatory tightening on crypto businesses in the country.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Emerging hubs, Enforcement actions litigation, Ethereum evm l 1 s

Tags: #thailand #usdt #stablecoin #moneylaundering #graymoney #bankofthailand #sec #aml #cryptocrackdown #cashtransactions

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US government deposits $288M in Bitcoin and Ether to Coinbase Prime

• The US government has deposited $288 million in seized Bitcoin and Ether into Coinbase Prime, stemming from drug trafficking and money laundering cases.
• This move signifies a shift towards using regulated institutional platforms like Coinbase Prime for managing forfeited digital assets, moving away from bulk auctions.
• The deposits are being closely monitored for potential market impact, as Coinbase Prime facilitates Over-The-Counter (OTC) sales designed to minimize disruption to public markets.

Topics: Asset types, Legal regulatory, Institutional adoption, Alternative assets, Enforcement actions litigation, Onboarding prime brokerage

Tags: #usgovernment #coinbaseprime #bitcoin #ether #seizedassets #drugtrafficking #moneylaundering #otcsales #marketimpact #regulatorycompliance

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Miles Guo sentenced to 30 years for $1B fraud scheme built on fake crypto and broken promises

• Miles Guo has been sentenced to 30 years in prison for a $1 billion fraud scheme involving the fake crypto platform Himalaya Exchange and GTV Media Group.
• The scheme, which ran from 2018 to 2023, defrauded investors, primarily Chinese dissidents, through unregistered securities offerings and a crypto exchange that misappropriated funds.
• Investor losses exceeded $1 billion, with ongoing efforts to recover assets, including a Central Park apartment, to compensate victims.

Topics: Legal regulatory, Asset types, Blockchain usage, Securities law classification, Stablecoins digital cash, Private enterprise ledgers

Tags: #milesguo #himalayaexchange #hcoin #gtvmediagroup #fraudscheme #sentencing #crypto #unregisteredsecurities #moneylaundering #assetrecovery

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San Antonio requires bilingual scam warnings on Bitcoin ATMs after $39 million in local losses - Cryptopolitan

• San Antonio has mandated bilingual fraud warning signs at all 193 crypto ATMs to combat a surge in scams resulting in $39 million in losses.
• The ordinance targets common tactics where scammers impersonate officials and pressure victims to deposit cash into Bitcoin ATMs, with a significant portion of victims being seniors.
• This local action mirrors broader concerns in Texas, with some advocating for a statewide ban on crypto ATMs due to their association with illicit activities and difficulty in recovering funds.

Topics: Legal regulatory, Jurisdictions, Compliance, Enforcement actions litigation, Regulatory sandboxes pilots, Aml antimoneylaundering

Tags: #bitcoinatm #scamwarnings #sanantonio #fraud #bilingualsigns #cryptokiosks #consumerprotection #moneylaundering #texas

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Indonesia Opens Door to Dirty Money to Fund Prabowo’s Plans

Indonesia's sovereign wealth fund, Danantara, is offering unprecedented legal protections for investors, including immunity from criminal, civil or tax probes. The provision, buried in a 207-page financial-sector law, shields purchases of bonds from the fund and says bond records can’t be used for tax assessments or evidence in court proceedings. Analysts warn that the move could attract money with questionable origins and erode Indonesia's reputation, potentially undoing its progress in combating illicit funds and risking its return to the Financial Action Task Force's gray list.

• Indonesia's sovereign wealth fund, Danantara, is offering unprecedented legal protections, including immunity from probes, for investors in its bonds, a move criticized for potentially attracting illicit funds.
• Analysts warn this provision, embedded in a new financial-sector law, could damage Indonesia's reputation and risk its return to the Financial Action Task Force's gray list.
• While officials claim commitment to legitimate capital, critics argue the policy prioritizes political elite and financial criminals, potentially undermining anti-corruption efforts and deterring legitimate investors.

Topics: Jurisdictions, Legal regulatory, Public debt, Emerging hubs, Enforcement actions litigation, Tokenized us treasuries, Global sovereign bond tokenization

Tags: #indonesia #danantara #sovereignwealthfund #prabowo #financialsectorlaw #moneylaundering #taxamnesty #fatfgraylist #bondimmunity #illicitfunds

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Fentanyl-linked Chinese network tied to crypto fraud from Japan involving fake ‘Zksync.jp’ token: Nikkei

The linked criminal group allegedly distributed a scam token under the name "zksync.jp" to deceive crypto users worldwide, with losses of over $1 million. 

• A Chinese criminal network involved in fentanyl precursor exports has been linked to a large-scale crypto fraud operation based in Japan.
• The group allegedly used a fake 'zksync.jp' token and Japanese domains to deceive users, resulting in over $1 million in losses and evidence of money laundering through accounts tied to U.S.-sanctioned entities.
• Despite Japan's efforts to expand crypto regulation and anti-fentanyl enforcement, its open financial system remains attractive for disguising illicit proceeds.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Enforcement actions litigation, Emerging hubs, Non evm chains

Tags: #fentanyl #cryptofraud #moneylaundering #zksyncjp #hubeiamarvelbiotech #firsky #nikkei #sanctionedentities #japan #china

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Ireland’s Government Proposes Crypto Safeguards in Response to Risks

• Ireland's government has released a new risk assessment on digital assets, highlighting significant risks related to money laundering, terrorism financing, and sanctions evasion.
• The assessment notes that crypto is increasingly used by criminal groups and for bribing officials, and points to inconsistent international regulation as a vulnerability.
• In response, Ireland plans to implement industry standards for crypto-related activities by the second half of 2027, aiming to address these risks and enhance compliance.

Topics: Legal regulatory, Jurisdictions, Compliance, Securities law classification, Enforcement actions litigation, Cross jurisdictional policy, Aml antimoneylaundering

Tags: #ireland #crypto #riskassessment #moneylaundering #terrorismfinancing #sanctionsevasion #regulatorysafeguards #digitalassets #aml #compliance

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