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Tag: United Nations Office on Drugs and Crime

Ransomware, Junk Bank Accounts: Cyberthreats Proliferates in Vietnam

For one week last month, Vietnamese brokerage VNDirect Cyber Systems shut down its securities trading systems and disconnected from the country's two stock exchanges...

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The money laundering red flags and how to prevent it in 2024

Supporting criminal activity and risking substantial fines from regulators that also damage their reputation are not things any financial institution aspires to. Yet many...

KPMG touts ESG benefits from Bitcoin, counters misperceptions in new report

KPMG has released a report on Bitcoin and ESG (environment, social and governance) issues. The professional services firm, one of the world’s Big Four,...

Anonymity in Crypto Must End, Says Top US Regulator at CFTC – Here’s Why

A member of the U.S. Commodity Futures Trading Commission (CFTC) is reportedly calling for an end to anonymous crypto transactions in a push to...

Debunking Crypto Myths With Binance! The Myth of Crypto Being Mainly Used by Criminals

sponsored The world of cryptocurrencies and blockchain has exploded in recent years. However, a lack of understanding surrounding this technology has led to...

Why KYC is an effective tool against Digital Fraud in Money Services Businesses (MSB) (Philip Chethalan)

MSB services have come to the rescue of many, who can’t access banks immediately and want to transfer money or carry out trade exchanges....

Mexican Drug Cartels Are Using Bitcoin Increasingly: Report

The Mexican drug cartels are using bitcoin more than ever as per the UNDOC reports whcih suggest the cartels are using crypto in their criminal activities more than they do traditional methods so let’s read more in today’s latest crypto news. According to recent reports, some of the Mexican drug cartels are using bitcoin for […]

Treasury Department report warns NFTs could be used in money laundering

However, Chainalysis reports the amount of illicit funds laundered through NFTs remains small compared to total crypto-based money laundering.

The post Treasury Department report warns NFTs could be used in money laundering appeared first on The Block.

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