According to a new court filing, more than 300 Roblox users are purportedly laundering money by using in-game currency to purchase fake in-game goods, according to a proposed settlement filed in San Francisco federal court Tuesday.

The European Banking Authority has suggested that EU supervisors consider whether distributed ledger technology (DLT), such as that used in cryptocurrencies, is in use when assessing money laundering risks. The draft guidance recommends that banks and payment providers scrutinise crypto companies more closely when considering a client relationship. The draft also proposes that an assessment of the infrastructure technology prevalent in the sector, particularly DLT, be added to the list of factors considered by national authorities when assessing money laundering threats. The guidance is open for consultation until June 29. A new EU rule, the Transfer of Funds Regulation, is due to be voted on in April, and the bloc's banking watchdog is preparing to implement those laws.

French authorities have raided five major banks in the country as part of an investigation into allegations of money laundering and fiscal fraud. The banks involved in the investigation were not named, but they are reported to be among the largest and most well-known banks in France.

New anti-money laundering rules being discussed by the European Parliament won't block crypto payments, according to Damien Carême, a leading EU lawmaker. The proposed Anti-Money Laundering Regulation would impose a limit of €1,000 ($1,080) for payments made from self-hosted wallets where it isn't possible to identify the payer. Carême said the rules wouldn't prevent crypto transactions, but rather only apply when identification isn't possible. He also referred to money laundering provisions in the metaverse, and said he didn't want to see dirty money flow into other sectors due to banking controls. The vote will now enter negotiations with the EU's Council to frame a consistent version of the law.

Dilkinska helped her co-conspirator launder approximately $400 million in OneCoin proceeds while she was purportedly OneCoin’s Head of Legal and Compliance.

Australia's financial crime regulator said on Friday it accepted an enforceable undertaking from payments giant PayPal Holdings' (PYPL.O) local unit to ensure its compliance with the country's anti-money laundering and counter-terrorism financing laws.

Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.

According to a March 15 Bloomberg report citing people familiar with the matter, investigators with the Justice Department were examining whether Signature took adequate measures to detect potential money laundering by its clients.

India’s Enforcement Directorate is investigating “several” crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, the latest in a series of crackdown by the authorities on the nascent space that is already reeling from the tremulous market conditions.

Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison. One of the founders of “AirBit Club,” Pablo Renato Rodriguez, was the latest to plead guilty to wire fraud conspiracy charges on Mar. 8. According to a Mar. 8 statement from the United States Department of Justice (DOJ), AirBit Club was a fake cryptocurrency mining and trading company operating between 2015 to 2020, where executives and promoters induced victim investors into believing that they’d make guaranteed passive income and profits on any membership purchased. (Cointelegraph)