Money Laundering

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Dramatic illustration of Chinese Telegram-based crypto laundering networks handling $16.1 billion in illicit funds, per Chainalysis report.
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Chinese-language networks laundered $16.1 billion in crypto in 2025

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A new report from blockchain analytics firm Chainalysis reveals that Chinese-language money laundering networks processed $16.1 billion in illicit cryptocurrency funds last year, accounting for about 20% of all known crypto laundering activity. These Telegram-based operations have grown dramatically since 2020, outpacing other laundering channels by thousands of times. The findings highlight the networks' role in facilitating global crime while evading enforcement efforts.

The Spanish airline Plus Ultra is under investigation in Spain for alleged money laundering connected to Nicolás Maduro's regime. The company, which operates flights from Colombia, received questioned public funds that may have supported illicit activities linked to Venezuela. Authorities have arrested executives and are examining diversions to accounts in Europe and beyond.

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Federal prosecutors in the United States have charged a 59-year-old Venezuelan national with laundering about $1 billion through cryptocurrency wallets and shell companies. Jorge Figueira could receive up to 20 years in prison for what authorities describe as one of the largest such operations ever prosecuted by the Justice Department.

The Bank of Mexico (Banxico) has announced the adoption of new technologies to prevent money laundering, following accusations against three financial institutions. Governor Victoria Rodríguez Ceja emphasized that the case poses no systemic risk to the Mexican financial system.

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The General Prosecutor's Office (FGR) arrested former Chihuahua governor César Duarte on Monday, December 8, 2025, for the crime of operations with illicit funds. The arrest warrant, issued in May 2024, required U.S. authorization, granted on December 4, 2025. The charge relates to a money laundering scheme involving diverted public funds during his tenure.

The International Consortium of Investigative Journalists launched The Coin Laundry, exposing dirty money flows into major cryptocurrency exchanges through stories from over 35 countries. Partners revealed undercover transactions in Canada and regulatory challenges with platforms like Binance. Scams in South America and Uruguay left investors with significant losses.

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The Ministry of Home Affairs has flagged 27 Indian cryptocurrency platforms as conduits for laundering Rs 623.63 crore from 2,872 victims between January 2024 and September 2025. Officials describe this as the tip of the iceberg in India's unregulated virtual assets sector. Major exchanges claim full compliance amid foreign ownership structures and past regulatory issues.

 

 

 

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