Transactions

The Central Bank of Ireland has fined cryptocurrency exchange Coinbase €21.5 million for failing to properly monitor transactions, including activity potentially linked to child sexual exploitation, drug trafficking, money laundering and other crimes. 

Mexico’s banking lobby is urging lenders to adopt tougher rules on illicit finance that go beyond current law, after U.S. authorities moved to sever three Mexican firms from the American financial system for allegedly laundering money for fentanyl traffickers, according to Bloomberg.

Jeffrey Epstein remained embedded in Wall Street’s elite financial networks in the years before his 2019 death, maintaining accounts at more than 20 banks and executing large transactions with prominent investment firms, according to new reporting by The Wall Street Journal. 

International payments cooperative Swift will launch a permissioned blockchain to route transactions among global banks as part of a bid to modernize cross-border payments and blunt the rise of dollar-pegged stablecoins. 

Pig-butchering schemes have scaled into a multibillion-dollar criminal industry, according to a new report by blockchain analytics firm Elliptic cited by CoinDesk. 

U.S. federal prosecutions for drug crimes have fallen to their lowest level in decades this year after the Trump administration redirected agents to immigration enforcement, according to a Reuters analysis.

The former executive director of Ronald McDonald House Charities of Marshfield, Wisconsin, has been charged with taking over $100,000 from the nonprofit.

Canada’s anti–money laundering watchdog has levied a C$19.5 million penalty against crypto exchange KuCoin for violations of the country’s AML rules.