The Role of Cryptocurrency in Financial Sanctions Evasion

by Thomas Alber | Oct 6, 2024 | Banking, Blockchain Technology, Crypto, For the Public, latest-news

Financial sanctions are a critical tool in global diplomacy, designed to exert economic pressure on rogue states, criminal enterprises, and individuals who violate international norms. Traditionally, sanctions have targeted conventional banking systems, making it...

Elevate Your Investigative Skills with USCryptoCop Courses!

by Thomas Alber | Oct 5, 2024 | Banking, Crypto, Crypto Scams, For Peace Officers, latest-news, Money Laundering

Elevate Your Investigative Skills with USCryptoCop Courses!USCryptoCop offers specialized training to empower law enforcement and investigators with the skills needed to tackle cryptocurrency-related crimes and scams while supporting victims. Enroll in our tailored...

How Telegram and WhatsApp Are Facilitating Crypto Crime

by Thomas Alber | Oct 5, 2024 | Crypto, Crypto Scams, For the Public, latest-news

Cryptocurrency has revolutionized the financial world, offering decentralized, borderless, and often anonymous transactions. While these attributes provide significant benefits for legitimate users, they also attract criminal actors seeking to exploit the system for...

Crypto Laundering in Gambling: How Online Casinos are Used to Wash Illicit Funds

by Thomas Alber | Oct 3, 2024 | Casino Industry, Crypto, For the Public, Gaming, latest-news, Money Laundering

Cryptocurrency has revolutionized financial systems and sectors like online gambling, providing users with a level of privacy and speed unattainable with traditional payment methods. This anonymity and global accessibility, however, have also attracted criminals, who...

Synthetic Identity Fraud and Crypto: How Fake Identities Are Used in Financial Crime

by Thomas Alber | Oct 2, 2024 | Banking, Crypto, For the Public, latest-news, Money Laundering, Organized Crime

Synthetic identity fraud (SIF) is one of the most rapidly growing forms of financial crime in the U.S., with the Federal Trade Commission (FTC) estimating that it accounts for up to 80% of all credit card fraud losses (Federal Trade Commission, 2022). In SIF,...

Crypto Crime as a Service: The Emergence of Black Market Solutions

by Thomas Alber | Oct 1, 2024 | Crypto, For the Public, latest-news

Cryptocurrencies like Bitcoin, Ethereum, and privacy coins such as Monero have transformed global financial transactions by providing decentralized, anonymous, and borderless ways to transfer value. While these features offer many benefits, they have also opened the...