New Zealand is taking a bold step to combat money laundering (ML) and terrorist financing by banning crypto ATMs. According to the Financial Action Task Force (FATF), approximately 20% of cryptocurrency transactions involve ML, making it crucial for countries to implement strict regulations. The ban aims to prevent anonymous transactions and ensure that all crypto-related activities are traceable.
The move is expected to have a significant impact on the country’s crypto landscape, with many ATMs already being shut down or relocated. This decision comes as no surprise, given New Zealand’s commitment to adhering to international standards for combating ML and terrorist financing.
Statistics:
* 20% of cryptocurrency transactions involve money laundering (FATF)
* $8 billion worth of gold held in Swiss vault by Tether (Tether)
U.S. Secret Service
@SecretService
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Jun 4 Criminals use cryptocurrency mixers, also known as tumblers, to launder illicit funds. International criminal organizations such as the Lazarus Group use the CoinJoin mixing protocol to launder millions of dollars in stolen cryptocurrency.https://secretservice.gov/sites/default/files/reports/2025-06/Public-Alert-Cryptocurrency-Mixing.pdf…
SpaceJak
@spacejak1065
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Apr 15 imagine your bank blocking access to your account unless you SELL your bitcoin for a loss. Less than 1 per cent of crypto transactions involve fraud/money laundering vs. fiat currency 7 per centIt’s 2025 and this bs continues to happen despite having a pro crypto US president.
BitAML
@BitAML
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Jun 6 Myth alert: Crypto isn’t the money laundering haven critics claim. Latest data shows only 0.34% of crypto transactions involve illicit activity—far lower than traditional finance’s 2-5% estimate. #CryptoMyths #BlockchainFacts #AMLData #CryptoCrime #FinancialTransparency
IDMERIT
@id_merit
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Jul 3 AML Compliance Officers and Money Laundering Analysts are navigating an increasingly complex landscape—where payments, crypto, and FX transactions can quickly become gateways for illicit activity.
Anne Peshek
@AnnePeshek99272
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May 26 AML violations in crypto mean that users might be involved in money laundering, which is illegal. If you’re not following the laws and regulations, your transactions could be flagged, and you might face fines or other legal issues. Stay informed and compliant to avoid trouble!
Gozman
@GozmanGonzalez
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Jun 12 In traditional finance, money laundering usually involves shell companies, offshore accounts, or briefcases full of cash.In crypto? It’s anonymous wallets.Cross-chain swaps.Layered transactions across DeFi protocols./2
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