December 08 - The European Union Agency for Law Enforcement Cooperation, better known as Europol, announced that it had dismantled ‘Cryptomixer,’ a digital asset mixing service that allegedly laundered over $1.5 billion in BTC since 2016. According to the EU law enforcement agency, it supported an operation conducted by law enforcement authorities from Switzerland and Germany to take down the illegal mixing service ‘Cryptomixer,’ which is suspected of facilitating cybercrime and money laundering.

December 08 - The shadow of money laundering looms over more than $51 billion in remittances that cross from the United States to Mexico. Last week, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert to money transfer companies — such as Western Union, MoneyGram, and Remitly — urging them to monitor the origins of cross-border transfers. “While the vast majority of remittances from the United States are legitimate and can provide critical financial support to family members abroad, FinCEN previously cautioned that malign actors have used low-dollar cross-border funds transfers to facilitate or commit terrorist financing, narcotics trafficking, and other illicit activity,” the alert states.

December 08 - The 13th Public Edition of the Basel AML Index highlights a gradual improvement in national systems to stop money laundering – at least in terms of technical compliance with global standards, and among countries with long-standing weaknesses. But the effectiveness of anti-money laundering systems in practice remains low in the face of evolving threats from fraud and other complex, often transnational financial crimes, the Index shows.

December 05 - Mexico’s anti-money laundering office has frozen the bank accounts of the Mexican co-owner of Miss Universe as part of an investigation into drugs, fuel and arms trafficking, an official said Friday. The country’s Financial Intelligence Unit, which oversees the fight against money laundering, froze Mexican businessman Raúl Rocha Cantú’s bank accounts in Mexico, a federal official told The Associated Press on condition of anonymity because he was not authorized to comment on the investigation.

December 02 - The British Columbia government is introducing new gaming regulations in a bid to curb money laundering and fraud. The Public Safety and Solicitor General’s Ministry says in a statement that the new Gaming Control Act will address the recommendations of two high-profile investigations, the Dirty Money report by Peter German in 2018 and the Cullen Commission of inquiry into money laundering in 2022.