Tag: US Banks

  • US Banks Launder Billions While Crypto Takes the Blame

    US Banks Launder Billions While Crypto Takes the Blame

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    by

    Yashika Gupta

    For years, global regulators have placed the spotlight on cryptocurrency as a major tool for money laundering. Yet fresh data from the US Financial Crimes Enforcement Network (FinCEN) reveals that traditional banks remain the preferred gateway for criminal funds. Between January 2020 and December 2024, American financial institutions processed $312 billion in suspicious transactions linked…