criminal networks
Coverage of criminal networks in the Nexus archive.
- FATF urges faster crypto AML enforcement as stablecoin crime increases
The Financial Action Task Force (FATF) is urging countries to accelerate enforcement of anti-money laundering (AML) regulations for cryptocurrencies. Criminal networks are exploiting stablecoins and proprietary tokens to bypass asset freezes, as governments face challenges in regulating crypto AML compliance.
- Nigeria: NDLEA Sells Drug Barons' Assets for N6.1bn, Sends Warning to Criminal Networks
The National Drug Law Enforcement Agency (NDLEA) in Nigeria raised over N6.1 billion by auctioning properties confiscated from drug traffickers, signaling a financial setback for criminal networks. The agency emphasized the action as a warning to organized crime involved in drug trafficking.
- ‘Arbitrary measures’: Lula slams US ‘terror’ designation for Brazil gangs
Lula criticized the US for labeling Brazil's criminal networks as 'terrorists', warning that such a designation could undermine local law enforcement efforts.