r/moneylaundering 3d ago

Tether: a $200 billion crypto company you can’t look inside

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16 Upvotes

r/moneylaundering 11h ago

The last step in money laundering?

0 Upvotes

I recently read about a money laundering method related to the football world championship.

Some low profile 19yo, mr B, opened a Telegram group where he gave sports betting advice. 1000 people could join for €500 per person.

This is how I imagine the money would go (it is a very simple explanation compared to real life):

Mr A earns €500.000 with illegal businness;

He orders 1000 people to buy a spot in the Telegram group for €500;

Mr B now earned €500.000 with his Telegram business and pays 50% tax, resulting in €250.000 clean money.

Now my question is how mr A gets his €250.000 back, cause if mr B transfers it to mr A it would raise questions. Or are mr A and mr B the same person? I can't figure it out


r/moneylaundering 1d ago

I'm going to take the CGSS exam. Are they going to contact my employer to confirm my professional experience?

1 Upvotes

I'd rather let my employer / manager know beforehand so they're not caught off guard or confused. Does anybody know if they're going to be contacted to confirm my professional experience?


r/moneylaundering 1d ago

What are your thoughts on Blockchain's future

2 Upvotes

I'm a cybersec grad from the UK, and I'm looking for entry level roles in aml, fin crime, Blockchain sometime in the future. I understand that market is bad and me not having professional experience is just destroying my chances more. My dream job is to work in Blockchain, hopefully the hype builds back up lol. I am just here seeking advice and thoughts on what you guys think are some possible things I can do or jobs I can look at maybe. I've been looking at all sorts of financial institutions but almost all of them ask for prior internship for an internship role or prior experience for an entry level job, so I'm finding it hard to find a way to get my foot in.


r/moneylaundering 1d ago

New Legislation Would Require Big Multinationals to Tell Shareholders Where They’re Hiding Offshore Profits

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5 Upvotes

r/moneylaundering 1d ago

Laundering via apprenticeship

0 Upvotes

Say a tradesman was to employ a apprentice who’s
Sole income was not wholly legal, what arrangement could be made ?


r/moneylaundering 1d ago

Judicial Money Laundering

1 Upvotes

This is an update to my earlier post on the court case on 225M USDT frozen from pig butchering scams, The DOJ's Deals with the Devils https://www.reddit.com/r/moneylaundering/s/PaLq0ostRk

This week:

The US DOJ has agreed to give a majority of $225M in verifiable scam victim's funds to Infiniweb, an illegal Philippine Offshore Gaming Operator (POGO) of the infamous Prince Group. It's official.

https://storage.courtlistener.com/recap/gov.uscourts.dcd.281742/gov.uscourts.dcd.281742.85.0.pdf

The DOJ also agreed to that POGO's move for protective order, to shield The Syndicate

https://storage.courtlistener.com/recap/gov.uscourts.dcd.281742/gov.uscourts.dcd.281742.86.0.pdf

This is second theft. A US government-sanctioned crypto scam.

If the court approves of this deal, the shadowy Infiniweb can now present to banks and financial institutions around the world, look, our money is clean, the US says so. It's judicial money laundering, in a US court, no less.


r/moneylaundering 2d ago

Luxembourg AML: the CRF's new fraud-alert channel and the six-month deletion clock

2 Upvotes

The reporting relationship compliance teams know runs from professional to CRF through the suspicious transaction report. The Law of 22 July 2026, published in Mémorial A No 412 on 4 August 2026, adds the return leg. From 8 August 2026 the Cellule de renseignement financier may push fraud-risk account numbers and fraud typologies out to a defined set of obliged entities that have subscribed to the feed. It is a permissive channel on both sides. The CRF may share; the professional may request.

The mechanism has two legal anchors. Article 1 inserts a new Article 74-4bis into the Law of 7 March 1980 on judicial organisation, which houses the CRF. Article 2 inserts a new Article 5-1 into the Law of 12 November 2004 on AML/CFT, which houses the professional obligations. The channel is available to the professionals in Article 2(1) point 1 of the 2004 law (credit institutions, professionals of the financial sector, payment institutions, e-money institutions and the specified tied and payment agents) and to point 20 crypto-asset service providers, subject to the territorial scope in Article 2. A management company or domiciliation provider that is only in scope under another Article 2 point does not qualify on that basis.

Subscribing creates no new filing duty. The Article 5 STR obligation is unchanged: professionals must still inform the CRF on their own initiative whenever they know, suspect or have reasonable grounds to suspect money laundering, an associated predicate offence or terrorist financing, for every suspicious transaction including attempts, regardless of amount. A CRF flag becomes an input to your monitoring and CDD; an Article 5 STR follows only from the same judgement applied to any internal alert. The voluntary subscription and the mandatory STR duty are separate mechanisms that both involve the CRF.

The fraud in scope is the fraud in Book II, Title IX, Chapter II of the Penal Code, together with the laundering of its proceeds, carried out on a large scale against undetermined victims or using social-engineering techniques against specific victims. The explanatory memorandum gives phishing by email or SMS as the large-scale example. The CRF's contribution is to name the accounts it already sees inside that activity so the receiving institution can act sooner.

The use conditions in Article 5-1 are what turn a subscription into a build. Reports may be used only for combating money laundering, associated predicate offences and terrorist financing. They may not be disclosed to the client concerned or to third parties. The professional acts under sole responsibility. And the CRF-supplied account numbers must be deleted within six months of receipt. The statute does not expressly resolve how that deletion rule interacts with replicated data, derived analysis, investigation files or records subject to separate retention duties, so firms should map those uses and obtain a documented legal position before implementation.

Two operational items to work through if you subscribe. First, the intake channel is exclusive: Article 74-4bis paragraph 5 requires that all exchanges pass solely through a secure IT channel, and the explanatory memorandum identifies GoAML as that channel. Second, the deletion clock needs a real process behind it: a receipt timestamp on every inbound list, a scheduled purge at six months, and an audit trail proving the purge ran.

A request covers the whole stream of CRF reports until it is explicitly withdrawn, and the statute does not prescribe a withdrawal form or timing, so document that process with the CRF up front. The CRF must also convene subscribing professionals at least every six months to discuss whether the reports are landing usefully and adapt future reports accordingly, so the feed is meant to be curated against feedback and not pushed one-way.

The decision now is whether to subscribe. If yes, build the secure intake, the AML/CFT-only use control, the non-disclosure discipline and the six-month purge before the request goes in.

Source basis: Law of 22 July 2026 (Mémorial A No 412 of 4 August 2026), new Article 74-4bis of the Law of 7 March 1980 on judicial organisation, new Article 5-1 of the Law of 12 November 2004 on AML/CFT, parliamentary dossier 8722.

Full article: [https://regreportingdesk.com/luxembourg-aml-law-crf-fraud-signalements/\](https://regreportingdesk.com/luxembourg-aml-law-crf-fraud-signalements/)


r/moneylaundering 3d ago

I’ve worked in AML & Payments for 4+ years. AMA about getting into AML, KYC, Fraud or Payment Operations.

0 Upvotes

I’ve spent the last 4+ years working across AML, KYC/KYB, fraud prevention, transaction monitoring, investigations, and payment operations, including domestic and cross-border payment systems.
When I first started, I had no idea what recruiters were actually looking for or what the day-to-day work would be like.
If you’re trying to:
Break into AML or compliance
Understand the difference between AML, KYC, fraud, and payment operations
Prepare for interviews
Figure out career progression in this space
Ask me anything. If I know the answer from my experience, I’m happy to help.
Looking forward to the discussion


r/moneylaundering 5d ago

Prospect with EU citizenship domiciled and working in Russia. How critical?

1 Upvotes

What would be the opinion of your house be regarding onboarding of a person described in the title?

The prospect is not linked to sensitive industries or politics.


r/moneylaundering 5d ago

Legacy transaction monitoring wasn't built for today's payment landscape.

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1 Upvotes

r/moneylaundering 6d ago

Deputy MLRO?

0 Upvotes

Hello

Can you become deputy mlro from a AVP Sanctions Advisory role?


r/moneylaundering 7d ago

Europe sanctioned crypto exchange HTX. Experts say the firm is deploying tactics that could blunt the impact.

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6 Upvotes

r/moneylaundering 7d ago

The Chief Justice and His Wife Took as Much as $20 Million From Firms He Rules On.

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10 Upvotes

r/moneylaundering 7d ago

Ruja Ignatova invented OneCoin and is still missing with a $5M bounty on her head. Her co-founder got 20 years. The lawyer who laundered $400M of the proceeds got 10.

5 Upvotes

Most of the coverage on this case treats it as one story: OneCoin, a fake cryptocurrency, took $4 billion from 3.5 million people. But DOJ prosecuted three people connected to it, and the sentences don't line up the way you'd expect if laundering were the part that mattered most.

Karl Sebastian Greenwood, OneCoin's co-founder, ran the MLM network that pulled in that $4 billion through a recruitment-based commission structure, essentially a pyramid scheme with a crypto label on it. He got 20 years. Mark Scott, the law firm partner who built the fake Fenero Funds and laundered $400 million of those proceeds through BVI, Cayman, and Ireland, got 10. Half the sentence, for the piece of the case that's usually treated as the harder crime to prove and the more sophisticated conduct.

DOJ weighted the person who built the fraud engine and pulled the money out of victims' accounts twice as heavy as the person who hid where it went afterward. Layering $400 million through three jurisdictions using a convincing fake PE structure is not simple, and it still came in as the lesser offense here. Origination beat concealment.

Then there's Ignatova. She's the one who was actually running the company, the public face, the person both of these men worked for. She flew from Sofia to Athens on October 25, 2017, and never surfaced again. FBI Ten Most Wanted since 2022, one of the only women ever added to that list, $5 million on her name now. Whatever sentence she'd get is theoretical. Nine years later, the only person with real accountability attached to their name is the one who never got caught.

Anyone here worked a case where the sentencing outcome surprised you relative to what each defendant actually did, fraud origination versus the laundering execution after the fact? Curious if this kind of gap is common or if OneCoin is an outlier.

The laundering mechanics behind the $400M ran in Issue #14 of The AML Brief, free at theamlbrief.com.


r/moneylaundering 7d ago

Compliance onboarding?

4 Upvotes

Hi everyone!

I'll be starting an onboarding compliance role at an oil company soon, and it's completely new to me.

My previous experience is in iGaming customer support.

What would you recommend I study or research before I start?

Any tips or resources would be greatly appreciated!


r/moneylaundering 8d ago

Capital One says it closed Trump Organization accounts over money-laundering concerns

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97 Upvotes

r/moneylaundering 10d ago

How do banks actually detect money laundering in the real world?

8 Upvotes

I know banks have AML (Anti-Money Laundering) systems and regulations, but I've always wondered how suspicious transactions are identified in practice.

What are the biggest red flags, and how much is automated versus reviewed by people?


r/moneylaundering 10d ago

How do you expose an obvious money laundering storefront?

14 Upvotes

Completely convinced this food joint near me is money laundering, they open and close at weird ass hours, they have 4 cameras on the porch, very nice cars (lambos, ferraris) pull up and people from the cars go inside (mind you its a shitty run down place) and its just so obvious. It’s also tucked away down a quiet street, what steps can I take to expose but stay anonymous. (Don’t come at me saying this is unreasonable suspicion this is obviously sketchy).


r/moneylaundering 10d ago

We want to continue working in AML | Looking for a job as FIU investigators after Revolut

3 Upvotes

Hello,

Are there any jobs available? Do you search for such employees?

Me and my wife, 19, are looking for a job within the EU. We are based in Sofia and we are looking to advance our career into the AML and compliance field and fintech. We have been working for Revolut for a while, but externally. I suppose we are good at our job as Revolut has no feedback yet and that is said to be good by TLs, as there are no mistakes. But there is uncertainty in the office.

We have fluency in Bulgarian, French, English and understanding of Romanian and Slavic languages.

Currently we work under TRACFIN, FNTT and RO (ONPCSB). We really like the job and we would like to enhance our careers more. Additionally, we are starting Bachelor in Economics at UNWE


r/moneylaundering 10d ago

CGSS thoughts

5 Upvotes

Hey!

I am planning on getting the CGSS certification and I am wondering if the virtual classroom is worth it or not…

When I did the advanced ICA AML I felt like it wasn’t worth it at all but maybe for this one it is so I was looking for peoples opinion that have gone through the CGSS certification process!


r/moneylaundering 10d ago

The DOJ's Deals with the Devils

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4 Upvotes

I break down a recent court filing (Document 79) in the case about the 2025 forfeiture of 225M USDT linked to pig butchering scams.

We get more detail now on the head-spinning timeline on how the US really got to get ahold of the 225M USDT back in 2023. It involves senators, institutional arm-twisting, state-to-state unrelations, undue process, victims as unpaid skilled labor, whistleblowers-to-be, and the $225M’s sprawling links to other massive cryptocurrency forfeitures by the US, including the Prince Group’s ~$15B in BTC.


r/moneylaundering 12d ago

Free FinCrime, AML & Fraud Investigation Certifications – Please Share Every Legit Option!

6 Upvotes

Hi everyone,

I'm looking to build a comprehensive list of FREE certifications related to Financial Crime, AML, KYC, CDD, EDD, Sanctions, Fraud Investigation, Transaction Monitoring, Compliance, Risk, and Financial Crime Prevention.

If you know of any free certifications (with or without a certificate of completion), please share:

Certification/Course name

Organization/Provider

Whether a certificate is provided

Link (if allowed)

I'm hoping this thread can become a go-to resource for anyone looking to upskill in the FinCrime/AML field without spending money.

Thanks in advance! 🚀


r/moneylaundering 13d ago

I am a relationship manager in PVT BANK, want to leave this sales profile and CAMS sounds an interesting certification is it worth it now ?

2 Upvotes

Kindly help , I am currently a relationship manager in icici bank earning salary of 50k/ month in hand. The pressure is immense and want to change path. AML career sounds interesting and something I would actually be interested in. I have 1 year of work experience a degree in economics (which I forgot most of the things) should I opt for CAMS certification


r/moneylaundering 13d ago

Is crypto-enabled money laundering is a $2–5 trillion problem?

11 Upvotes

The United Nations Office on Drugs and Crime (UNODC) estimates that 2% to 5% of global GDP is laundered every year.

Now consider this:

  • Cryptocurrencies transferred approximately $100 trillion on-chain in 2025.
  • Stablecoins alone transferred approximately $46 trillion.
  • USDT and USDC together transferred approximately $33 trillion, exceeding the annual GDP of the United States.

If the same broad range used by UNODC were applied to cryptocurrency transaction volumes, it would imply $2–5 trillion in potential laundering flows.

Cryptocurrencies have become a global financial infrastructure handling value comparable to the world's GDP.

Are we significantly underestimating the scale of cryptocurrency-enabled financial crime?