Tag: money laundering

The Eurasian Group on Combating Money Laundering (EAG) has raised alarms over increasingly sophisticated money laundering operations in 2024, driven by the growing use of cryptocurrencies and multi-layered schemes. According to a  report by Russia’s state-run news agency, the EAG, in its just concluded plenary session, warned of the rising role ...

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has highlighted the uptick in the use of cryptocurrencies and related services for criminal activities in a recent report on money laundering trends. The 2024 AUSTRAC Money Laundering National Risk Assessment provides a detailed analysis of various money laundering methods, with a ...