BTC $83,764.78 -0.61%
ETH $2,685.21 +0.26%
BNB $772.92 -0.82%
XRP $1.55 +0.94%
SOL $120.49 +2.86%
TRX $0.3368 -1.17%
DOGE $0.0970 +0.91%
ADA $0.2542 +2.65%
BCH $338.44 +0.26%
LINK $13.79 +6.47%
HYPE $91.27 -2.69%
AAVE $152.80 +5.98%
SUI $1.11 +9.95%
XLM $0.2163 +2.42%
ZEC $1,535.47 -1.29%
AAPL $339.95 +0.72%
AMZN $250.19 +0.42%
GOOGL $344.32 +0.92%
MSFT $516.16 +4.14%
META $751.64 -2.49%
NVDA $224.81 +0.38%
TSLA $372.68 -2.13%
SNDK $1,777.65 +0.68%
INTC $124.59 -0.65%
SPCX $148.55 +0.35%
MU $1,082.59 +0.81%
AMD $629.15 +0.87%
BTC $83,764.78 -0.61%
ETH $2,685.21 +0.26%
BNB $772.92 -0.82%
XRP $1.55 +0.94%
SOL $120.49 +2.86%
TRX $0.3368 -1.17%
DOGE $0.0970 +0.91%
ADA $0.2542 +2.65%
BCH $338.44 +0.26%
LINK $13.79 +6.47%
HYPE $91.27 -2.69%
AAVE $152.80 +5.98%
SUI $1.11 +9.95%
XLM $0.2163 +2.42%
ZEC $1,535.47 -1.29%
AAPL $339.95 +0.72%
AMZN $250.19 +0.42%
GOOGL $344.32 +0.92%
MSFT $516.16 +4.14%
META $751.64 -2.49%
NVDA $224.81 +0.38%
TSLA $372.68 -2.13%
SNDK $1,777.65 +0.68%
INTC $124.59 -0.65%
SPCX $148.55 +0.35%
MU $1,082.59 +0.81%
AMD $629.15 +0.87%

mba

All
Article
Flash

first_img The UK has invested £500 million to add 500 officials to combat money laundering crimes

The UK Home Office announced on Tuesday that it will invest £500 million over three years to recruit 500 officials to track and seize criminal funds as part of a new anti-money laundering and asset recovery strategy. The funding comes from an economic crime tax levied on regulated businesses, and the new officials will be distributed across various police forces, the National Crime Agency (NCA), and the Crown Prosecution Service.The NCA estimates that over £100 billion is laundered through the UK or UK corporate structures each year, and the Home Office stated that this threat has "intensified in recent years due to the rise of fintech, cryptocurrency, and artificial intelligence." The new officials will work based on "Operation Destabilise," which targets Russian-speaking cybercriminal groups that convert street cash into cryptocurrency. The NCA plans to launch a new round of arrests and cash seizures against networks supporting ransomware gangs, hostile nations, and Class A drug trafficking, having already arrested 119 suspected money launderers and seized over £25 million in cash and cryptocurrency in less than a year.The NCA's Economic Crime Centre stated in its annual report last week that criminals are "innovatively using crypto asset products to evade detection and transfer illicit value at scale," hoping to expand this model to other networks and build "more proactive and intelligence-led crypto capabilities." Crypto assets rank third among the nine economic crime priorities agreed upon with the Treasury and the Financial Conduct Authority. The government stated that nearly £350 million has been recovered from criminals over the past year, over £1 billion has been refused, £26 million has been returned to victims, and nearly 4,000 money laundering convictions have been facilitated.

first_img The United Kingdom and the United States established a joint alliance to combat cryptocurrency fraud

The United States and the United Kingdom announced the establishment of the first joint law enforcement alliance aimed at combating fraud centers involving cryptocurrency and online investment scams. The U.S. Department of Justice stated that the U.S. Attorney's Office for the District of Columbia, the UK Crown Prosecution Service, and the UK's National Crime Agency have signed a memorandum of understanding to conduct parallel investigations on common objectives, share intelligence on organized crime groups, and negotiate jurisdictional prosecution rights for specific cases.This alliance expands upon the "Fraud Center Task Force" initiated by U.S. Attorney Jeanine Ferris Pirro in November 2025, focusing on Chinese organized crime networks primarily located in Southeast Asia that are involved in cryptocurrency investment scams, which are often linked to human trafficking and money laundering. The task force includes the FBI, U.S. Secret Service, IRS Criminal Investigation Division, Homeland Security Investigations, and the Department of Justice, and collaborates with the U.S. Department of the Treasury, the State Department, and private enterprises to dismantle fraud operations and recover victims' funds.The U.S. Department of Justice pointed out that losses reported due to cryptocurrency investment scams in the U.S. continue to rise, with losses reported to the FBI Internet Crime Complaint Center increasing from $4.57 billion in 2023 to $8.65 billion in 2025. Previously, international law enforcement agencies had conducted joint operations, with a raid led by Dubai police on April 29, involving the FBI and the Chinese Ministry of Public Security, resulting in the arrest of 276 individuals and the closure of at least 9 cryptocurrency scam centers. Several Southeast Asian countries are also strengthening domestic legislation, with Myanmar's military government releasing a draft on May 15 proposing a 10-year to life imprisonment for digital currency fraud, and the death penalty if a victim dies due to being coerced to work at a scam center; this bill was passed by parliament on July 28.
app_icon
ChainCatcher Building the Web3 world with innovations.