Anti-Financial Crime & Financial Crime Compliance
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Crypto, Fraud, Tech

NEWS: India’s AML unit seizes $189M linked to Bitconnect fraud

Premium February 20, 2025
AML Bitcoin CEO convicted of $2M fraud and money laundering scheme

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

NEWS: US banks can alert customers to fraud without breaching SARs, says FinCEN

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NEWS: FATF says tackling $500bn global fraud epidemic is now its ‘highest priority’

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NEWS: Belgian court orders trial for corruption, money laundering linked to Congo passport deal

By PAUL O’DONOGHUE, Senior Correspondent

INDIA’S anti-money laundering agency has seized cryptocurrency worth about 16.5 billion rupees ($189 million) during its investigation into the Bitconnect fraud.

The seized assets include cryptocurrencies, cash, and a Lexus car, the Directorate of Enforcement (ED) said in a statement.

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NEWS: US banks can alert customers to fraud without breaching SARs, says FinCEN

 Premium

NEWS: FATF says tackling $500bn global fraud epidemic is now its ‘highest priority’

 Premium

NEWS: Belgian court orders trial for corruption, money laundering linked to Congo passport deal

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