ChainCatcher news, according to CertiK monitoring, the CoinStats attackers have just resumed their money laundering activities after several months of inactivity. On November 9, approximately 2.6 million Dai were transferred to four new addresses, and a day later, another approximately 2.6 million Dai were deposited into the MakersDai contract.Nevertheless, half of the 3,027 ETH (about 10 million USD) transferred to 0x7397 has not moved, as there are 2.6 million Dai on 0x7b00 and 762 ETH on 0x7d38.

ChainCatcher news, according to Bloomberg, the Singapore government released a 126-page report on Thursday that deeply assesses the money laundering risks faced by the country. The report points out that in the process of attracting global super-rich individuals and building an international financial wealth center, Singapore also faces severe anti-money laundering challenges. This situation makes Singapore vulnerable to being used as a channel for laundering proceeds from overseas financial fraud and other criminal activities.The report details various money laundering methods within Singapore, including the use of bank accounts, payment accounts, shell companies, and other complex structures and arrangements for fund transfers and concealment. The report particularly emphasizes that banks, due to their financial attributes and service characteristics, have become high-risk areas in money laundering activities.Singapore's banking system is vast, with over 150 banks, many of which offer convenient online financial services, facilitating electronic fund transfers. This also provides opportunities for money laundering activities.According to the report, in a recent money laundering scandal, Singapore authorities seized over 1.5 billion Singapore dollars from related bank accounts. These funds are associated with 10 convicted Chinese nationals and 17 fugitives. Additionally, cash, cryptocurrencies, properties, gems, jewelry, watches, and luxury handbags were also seized from criminals.

ChainCatcher news, according to The Defiant, the U.S. Department of the Treasury has recently released its first NFT risk assessment report, which examines the tendency for the NFT space to be exploited by illicit actors. The report highlights numerous risks associated with NFTs, including fraud, scams, copyright and trademark infringement, and vulnerabilities to money laundering activities.The report states: "The assessment found that NFTs are highly susceptible to fraud and scams and are easily subject to theft. Additionally, some NFT companies and platforms lack adequate controls to mitigate risks to market integrity and to combat money laundering, terrorist financing, and sanctions evasion. The assessment found that insufficient cybersecurity protections, challenges related to copyright and trademark protections, and the speculation and price volatility of NFTs and NFT platforms may enable criminals to perpetrate fraud and theft related to NFTs and NFT platforms."

ChainCatcher news, the U.S. Department of Justice has announced the arrest of Aliaksandr Klimenka, the mastermind behind the trading platform BTC-e, which has been shut down for several years, in Latvia. He is accused of participating in money laundering related to criminal activities from 2011 to 2017, with an amount involved exceeding $4 billion.

ChainCatcher news reports that the analysis company Elliptic has found signs of Russian hackers' involvement in the money laundering activities of assets stolen from FTX last year.FTX was hacked days after its collapse, resulting in a loss of $475 million. Shortly after the data breach, $74 million flowed through RenBridge, a platform associated with FTX's sister company Alameda Research. In November, of the 4,536 bitcoins (worth $74 million) converted from Ethereum through RenBridge, 2,849 bitcoins were processed through mixers (primarily the ChipMixer service).Elliptic stated that these funds were subsequently mixed with assets related to Russian criminal networks, including ransomware criminals and dark web markets.

ChainCatcher news, the Paris prosecutor's office has confirmed that Binance is under investigation by local authorities for "illegally" providing digital asset services and "serious money laundering activities." The allegations against Binance by the French prosecutor involve, on one hand, "illegal activities" related to operating as a digital asset service provider, and on the other hand, "money laundering activities exacerbated by competition with investment, concealment, and conversion businesses, which are carried out by criminals and generate profits."According to Le Monde, Binance is suspected of lobbying French clients outside the legal framework through its branch in France before 2022. The Paris prosecutor's office stated, "Documents and computer materials collected during the search must now become the subject of in-depth study." (CoinDesk)

ChainCatcher news, according to CNN, U.S. Senator Elizabeth Warren is attempting to push for bipartisan efforts in Congress to combat money laundering in the cryptocurrency industry. Warren's office stated that she is collaborating with Kansas Republican Senator Roger Marshall to introduce new legislation on Wednesday.The new bill, titled the Digital Asset Anti-Money Laundering Act, aims to combat money laundering by attempting to align the digital asset ecosystem with the existing anti-money laundering framework in the global financial system. The bill will direct the Financial Crimes Enforcement Network (FinCEN) to classify digital asset wallet providers, miners, validators, and other entities as money services businesses. This, in turn, will expand the scope of responsibilities under the Bank Secrecy Act to the crypto industry, including KYC requirements.The bill will also compel regulators to advance new restrictions aimed at closing the loopholes that allow individuals to bypass anti-money laundering and sanctions checks. Specifically, it will instruct FinCEN to finalize and implement a rule proposed in 2020 that would require banks and money services businesses to verify the identities of customers and counterparties, maintain records, and submit reports related to non-custodial wallets or wallets associated with jurisdictions that do not comply with banking regulations.Other requirements of the bill include:Prohibiting banks and other financial institutions from using technologies that enhance anonymity (such as digital asset mixers) or engaging in transactions with them, and banning the processing of digital assets that utilize these technologies.Expanding the Bank Secrecy Act rules regarding foreign bank account reporting to include digital assets, requiring U.S. persons conducting digital asset transactions exceeding $10,000 through overseas accounts to report to the IRS.Directing regulators to strengthen the enforcement of the Bank Secrecy Act by establishing compliance review procedures for money services businesses.Targeting digital asset ATMs to ensure operators and administrators submit and update the actual addresses of their ATMs. (Source link)