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China targets cryptocurrencies and online gaming coins and tightens anti-money laundering measures


China targets cryptocurrencies and online gaming coins and tightens anti-money laundering measures

In recent years, more and more online platforms have been used to launder money through virtual rewards via live streaming and gaming. Virtual currencies, gaming coins, internet platforms and live streaming payments have become new money laundering channels and have more complex and hidden network and chain-like features, the statement said. In February, authorities in […]

Insights into the crazy world of drug money laundering in the new book “Rinsed”


Insights into the crazy world of drug money laundering in the new book “Rinsed”

In In “Rinsed: From Cartels to Crypto: How the Tech Industry Launders Money for the World’s Deadliest Crooks” (Penguin Business), Geoff White asks: What would you do with sudden wealth if it came from a source you couldn’t admit? “You face an agonizing dilemma,” he writes. “How can you enjoy your vast amounts of money […]