Financial Crime

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Top officials from Austria’s financial intelligence unit met with the US Financial Crimes Enforcement Network in Washington D.C. to boost collaboration on cryptocurrency issues. The discussions formed part of face-to-face meetings organized by the Financial Action Task Force.

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Canadian fugitive Ryan Wedding, a former Olympic snowboarder, and several associates allegedly used large volumes of cryptocurrency to launder proceeds from cocaine trafficking, according to a U.S. indictment. Prosecutors further claim that Wedding organized the murder of a witness prepared to testify against him.

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