Money laundering coverage examines how criminals abuse financial systems, digital assets, and stolen data to conceal proceeds and evade detection.
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Background for this topic.
Money laundering is the process of disguising proceeds from crime so they appear to come from legitimate activity. Criminals may introduce funds into financial services, move them through layers of accounts or assets, and later withdraw or spend them as apparently lawful money. The activity can involve banks, payment processors, online marketplaces, virtual-asset services, and cash businesses; laundering and terrorist financing are related financial-crime concerns but are not identical.
Its information-security relevance is the protection and trustworthy operation of systems used to move and monitor money. Account takeover, stolen identity data, compromised payment APIs, and networks of mule accounts can help conceal transfers; virtual-asset services may add cross-border or pseudonymous transaction paths. Defenders support anti-money-laundering (AML) controls with strong authentication, access limits, tamper-resistant logs, customer and beneficiary verification, and analytics that flag unusual transaction patterns for human review. These systems handle sensitive personal and financial data, so privacy controls, data quality, and secure retention matter alongside regulatory compliance. Preserving relevant logs and transaction records supports investigation and reporting.
Weekly headline count for the current query.
Owe Martin Andresen faces charges in both US and Germany connected with money laundering, claims he sent gold bars directly to his doorstep
Government is fed up with bad actors using digi-cash to fund dodgy deeds India’s government has updated the regulations it imposes on cryptocurrency services providers, as part of its efforts to combat fraud, money laundering, and terrorism.…
Netflix documentary part 2 in the works? Ilya Lichtenstein, who pleaded guilty to money-laundering charges tied to the 2016 theft of about 120,000 bitcoins from the Bitfinex exchange and was sentenced to five years in prison, has been released after roughly 14 months in the slammer.…
Justice Department claims unlicensed exchange funneled ransomware profits US feds have dismantled a crypto laundering service that they say helped cybercrooks wash tens of millions of dollars in dirty digital cash, seizing its servers and unsealing charges against an alleged Russian operator.…
Operation Olympia pulls Swiss servers offline and scoops up 12TB of data in latest crime infrastructure crackdown Law enforcement agencies in Germany and Switzerland have shut down cryptocurrency laundering platform Cryptomixer in Europe's latest pushback against cybercrime infrastructure.…
UK cops trace street-level crime to sanctions-busting networks tied to Moscow's war economy On Christmas Day 2024, a Russian-linked laundering network bought itself a very special present: a controlling stake in a Kyrgyzstan bank, later used to wash cybercrime profits and funnel money into Moscow's war machine, according to the UK's National Crime Agency (NCA).…
Zhimin Qian recruited takeaway worker to launder funds through property overseas London's Metropolitan Police has secured a "landmark conviction" following a record-busting Bitcoin seizure and seven-year investigation.…
PLUS: APNIC completes re-org; India cuts costs for chipmakers; Infosys tax probe ends; and more Asia In Brief Australia’s Federal Police (AFP) last week announced charges against four suspects for alleged participation in a money-laundering scheme that involved a security company’s armored cash transport unit.…
Did US Secret Service not get the memo, or? A coalition of international law enforcement has shut down Russian cryptocurrency exchange Garantex, a favorite of now-defunct ransomware crew Conti and others criminals for money laundering.…
Digital money laundering pays, until it doesn't An Ohio man, who operated the Grams dark-web search engine and the Helix cryptocurrency money-laundering service associated with it, has been sentenced to three years in prison.…
Prosecutors hand Russo-Swede a half-billion bill The operator of the longest-running money laundering machine in dark web history, Bitcoin Fog, has been sentenced to 12 years and six months in US prison.…
Sting led to cuffing of alleged operator behind Ghost – an app for drug trafficking, money laundering, and violence-as-a-service Australia's Federal Police (AFP) yesterday arrested and charged a man with creating and administering an app named Ghost that was allegedly "a dedicated encrypted communication platform … built solely for the criminal underworld" and which enabled crims to arrange acts of violence, launder money, and traffic illicit drugs.…
Plus: Microsoft issues workaround for dual-boot crashes; ARRL cops to ransom payment, and more Infosec in brief Deniss Zolotarjovs, a suspected member of the Russian Karakurt ransomware gang, has been charged in a US court with allegedly conspiring to commit money laundering, wire fraud and Hobbs Act extortion.…
Chap named 'Roman Boss' accused of being just that at a cryptocash laundering outfit Users of Cryptonator – an online digital wallet and cryptocurrency exchange – received an unpleasant surprise last weekend after the service was shuttered in a combined operation run by the FBI, the US Internal Revenue Service (IRS), and German police.…
$4.5M slushed through accounts from state healthcare and lonely people Georgia resident Malachi Mullings received a decade-long sentence for laundering money scored in scams against healthcare providers, private companies, and individuals to the tune of $4.5 million.…
Suspects in Portugal and the US said to have laundered over $100M Two men alleged to be co-founders of cryptocurrency biz Samourai Wallet face serious charges and potentially decades in US prison over claims they owned a product that facilitated the laundering of over $100 million in criminal cash.…
PLUS: Google Cloud ANZ boss departs; Japan revives airliner ambitions; China-linked attackers target Asian entities ASIA IN BRIEF Singapore's Monetary Authority on Monday launched an application, intuitively named "COllaborative Sharing of Money Laundering/TF Information & Cases" (COSMIC for short, obviously) to target money laundering and terrorism financing.…
United Nations finds IT contract and crypto scams are just two of DPRK's illicit menu items If you dine out at an Asian restaurant on your next holiday, the United Nations thinks your meal could help North Korea to launder money.…
Bitcoin Fog washed hundreds of millions for criminals The operator of the world's longest-running Bitcoin money laundering service faces a 50-year prison sentence after being found guilty in a US court.…
‘Inaccessible and autonomous armed group territories’ host crooks who use tech to launder cash, run slave scam gangs, and more Global crime networks have set up shop in autonomous territories run by armed gangs across Southeast Asia, and are using them to host physical and online casinos that, in concert with crypto exchanges, have led to an explosion of money laundering, cyberfraud, and cybercrime across the region and beyond.…