A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting […]
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Central Bank Demands Strict Independent Audits for VASPs
Key TakeawaysCentral Bank of Brazil issued Instruction 739, forcing VASPs to get independent audits to secure licenses.Audits must ensure that...













