Global #illegal activities

Sponsored by Choi Eun-Seok of the ruling People Power Party, a new amendment to South Korean law aims to enhance oversight of cryptocurrency transactions to combat money laundering and foreign exchange crimes.

In the ever-evolving landscape of cryptocurrency, the need for compliance with international laws while safeguarding user rights has never been more crucial. Nils Andersson Rød, the global head of financial crime investigations at Binance, recently underscored the platform's commitment to conducting independent investigations rather than simply adhering to government requests.

In a significant crackdown on international cybercrime, the U.S. Department of Justice (DOJ) has seized the domains of three cryptocurrency exchanges—UAPS, PM2BTC, and Cryptex—allegedly involved in facilitating illicit transactions totaling over $800 million connected to Russian money laundering operations.

In a significant move to combat cybercrime, German law enforcement has taken action against 47 cryptocurrency exchange services operating within the country.

On September 10, the UK's Financial Conduct Authority (FCA) announced that Olumide Osunkoya has been charged with managing and operating a network of unregistered crypto ATMs.

Pavel Durov, the CEO of Telegram, has been indicted by a French court on charges that could significantly impact both him and his company.