LINKEDIN IS ALSO CONCERNED
A FAKE ACCOUNT
FROM ANNA ROW
Founder and Manager at Catch The Catfish. Co-Founder of LoveSaid.
- Canterbury Christ Church University
Canterbury, Angleterre, Royaume-Uni
FROM DATOS INSIGHTS
💰 Infamous money launderers 💰
➡️ Raj Rajaratnam 📉
The WSJ posted a very well written and extensive piece this morning on pig-butchering and China's crackdown on it. One of the key takeaways is that there is a heavy human trafficking tie-in when it comes to scams.
FROM ERIC HUBER
1) The factors bad actors value when choosing a financial product align with those offered by #cryptocurrency.
2) Cryptocurrency Suspicious Activity Reports (#SARs).
3) Victim Complaints- FBI #IC3 Advisories & #CFPB complaints.
4) Blockchain Analytics, while helpful in certain situations, cannot and does not provide the complete picture of the use of cryptocurrency in illicit finance. At best, it just identifies the tip of the iceberg.
I took the opportunity to draw attention to the horrific crime of #pigbutchering, debunk the myth that “all cryptocurrency transactions are recorded on the blockchain,” and point out that the partial recovery of the Colonial Pipeline ransom was the exception, not the rule.
Dismissing cryptocurrency as a useful tool for illicit finance just because some transactions are recorded on a blockchain is misguided. And is wholly inconsistent with cryptocurrency Suspicious Activity Reports, FBI advisories, and victim complaints.
I suggested that the SAR form be updated to include specific categories for cryptocurrency and cryptocurrency firms so that better data on #cryptocrimecan be collected.
Read my full written testimony here: https://lnkd.in/eEVfsGj7
Watch the full hearing: https://lnkd.in/eehPwub7
#cryptocrime #AML #suspiciousactivityreports
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from JINISHA BHATT
🇰🇭 Nov 16, 2023: Sha Zhu Pan 杀猪盘
🏨 In the wake of Covid-19 pandemic & Cambodia’s ban on gambling, Sihanoukville, Cambodia (a product of China’s Belt & Road Initiative), became a largely vacant zone, giving criminals an opportunity to repurpose abandoned hotels & resorts into glorified ‘scam compounds’. Soon, the compounds were filled with tens of thousands of desperate job-seekers ensnared from several East Asian countries. In June 2023, INTERPOL issued a warning declaring scam centres "as a serious & imminent threat to public safety".