CoinStats - Shutdown Russian Exchange Garantex Is Still L...

CoinStats - Shutdown Russian Exchange Garantex is Still L...

According to an exclusive report from Global Ledger, Russian exchange Garantex, which was forced to shut down in March, is still actively laundering cryptocurrency. On-chain data suggests Garantex has used Tornado Cash to transfer ETH worth over $261,000. Despite US sanctions, the firm is experimenting with ways to continue its laundering operations. Garantex Still Operates from the Shadows Garantex, a Russian crypto exchange, has suffered major…

Luxembourg flags crypto companies as high risk for money laundering - WorldNL Magazine

Luxembourg’s 2025 risk report classifies crypto companies as high risk for money laundering, even as local institutions ramp up crypto adoption efforts. 1992 Total views 8 Total shares Luxembourg classified virtual asset service providers (VASPs) as high-risk entities for money laundering in its 2025 National Risk Assessment (NRA), highlighting concerns over the crypto industry’s exposure to financial crime.According to the report, the inherent …

NEWS: Luxembourg National Risk Assessment 2025 warns of ML threats in law and accounting - AML Intelligence

This content is for members only. Visit the site and log in/register to read. The post NEWS: Luxembourg National Risk Assessment 2025 warns of ML threats in law and accounting appeared first on AML Intelligence.

Luxembourg Tags Crypto Firms as Top Money Laundering Risk

Luxembourg is tightening its grip on cryptocurrency service providers to mitigate the rising risk of money laundering and terrorist financing within the sector, as revealed in the country’s latest National Risk Assessment (NRA). According to Luxembourg’s financial regulators, the focus is primarily on virtual asset service providers (VASPs), which are seen as particularly vulnerable to misuse for illicit financial activities. This move indicates…

Cross-border criminals pose largest money laundering risk, report finds

Foreign criminals laundering money through Luxembourg's financial institutions pose the country's greatest risk, driven by the ‘magnitude, cross-border character and the diversity of funds and transactions being handled’.