Malaysian Watchdog Agency Probes $280mln Deal with Arm Holdings
Malaysia’s troubled anti-graft agency is probing a $280-million deal between the Malaysian government and British chip giant Arm Holdings, Agence France-Presse reported.
Tech
Money Launderers Have Made ‘Dramatic’ Turn to Crypto in Recent Years
Western governments are being urged to tighten controls on cryptocurrency after new research warned that criminals and hostile states have laundered an estimated $350 billion using crypto over the past two decades.
How Agentic AI Could Speed Up Crypto Money Laundering
Autonomous AI “agents” that can initiate and execute transactions without real-time human input are compressing the timelines that anti-money laundering (AML) compliance teams and law enforcement rely on to detect and stop illicit crypto activity.
Telegram Messaging App Increasingly Exploited by Fraudsters, Revolut Finds
The messaging platform Telegram has become a hub for job scams and other forms of fraud, Revolut is warning.
Germany to Overhaul How It Fights Criminal Syndicates and Financial Crime
Germany will overhaul its core federal security agencies and deploy artificial intelligence as part of a crackdown on organized crime, related money laundering, and other financial crimes, Reuters reported Wednesday.
OCC Proposes First Stablecoin Rules Under the GENIUS Act
The OCC proposed a regulatory framework to implement the GENIUS Act, outlining requirements for stablecoin issuers and for certain stablecoin-related custody activities.
How Claude the Chatbot Helped Steal Data from Mexico’s Government
A hacker exploited Anthropic PBC’s Claude chatbot to help breach multiple Mexican government agencies and steal a large trove of sensitive data, including tax and voter information.
FATF Warns on Global Rise in Cyber-Enabled Fraud
Cyber-enabled fraud is rapidly expanding in scale and sophistication as criminals exploit digital platforms, instant payments, and virtual assets to move illicit proceeds across borders, an intergovernmental watchdog said on Tuesday.
Elliptic Names Four Crypto Exchanges Used for Russia Sanctions Evasion
Blockchain forensics firm Elliptic has identified four cryptocurrency exchanges that allegedly facilitate Russia sanctions evasion, including by helping to convert rubles into crypto-assets and move value across borders without the direct aid of traditional banking channels.
U.S. Extradites Suspected ‘Dark Bank’ Launderer to France
A 42-year-old American citizen suspected by French investigators of leading a vast international money laundering network known as “Dark Bank” has been extradited from the United States to France, Le Monde reported.