March 14 - A California man has been sentenced for his role in using Bitcoin to launder the proceeds of an operation selling MDMA on the dark web. John Khuu, 29, of San Francisco, California, was sentenced to 87 months in federal prison after pleading guilty to conspiracy to commit money laundering and conspiracy to operate an unlicensed money-transmitting business.

March 13 - A DeFi trader became the subject of discussion among crypto community members on Wednesday after losing more than $700K worth of stablecoins to a sandwich attack on the Uniswap v3 protocol. MEV bots attacked the trader on six separate transactions traded with 100% slippage. Community experts speculated the possibility that the trades were a money laundering attempt due to the pattern that each transaction followed.

March 12 - U.S. law firm Simpson Thacher & Bartlett was fined 300,000 pounds ($389,069) on Wednesday over breaches of anti-money laundering rules at its London office. The firm agreed to a settlement with the Solicitors Regulation Authority (SRA), which regulates solicitors in England and Wales, under which Simpson Thacher will also pay 62,000 pounds towards the SRA's legal costs.

March 11 - Brazil will eventually need to resume discussions on requiring financial technology companies to report transaction values to the tax revenue service, the agency's head said on Tuesday. Speaking at a Senate hearing, Robinson Barreirinhas cited strong indications that lesser-known payment institutions are being used for money laundering.

March 11 - Civil forfeiture is a process to bring legal proceedings against assets such as cash, cars, homes and other luxury goods linked to gangs, organized crime, money laundering and other unlawful activity. Learn more about how the Province of B.C. and our federal partners are using the civil forfeiture process to stop money laundering