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The agency reminded users of the dangers of unregistered cryptocurrency services.
The Federal Bureau of Investigation (FBI) warns the public against using unregistered cryptocurrency transfer services, which can lead to financial losses if they are closed by law enforcement agencies.
The warning applies to platforms that are not registered as Money Services Businesses (MSBs) and do not meet the anti-money laundering requirements prescribed by US federal law.
The FBI draws attention to the fact that such services often become targets for law enforcement operations, especially if criminals use them to transfer or launder funds obtained illegally.
In a statement posted on the FBI's Internet Crime Complaint Center portal, it states: "Using a service that does not fulfill its legal obligations may put you in a situation of losing access to funds after law enforcement agencies begin to act against such businesses."
To minimize risks, users of cryptocurrency transfers should check whether the service is registered as an MSB using a special service issued by the US Treasury Department, and also avoid using services that do not request KYC information (name, date of birth, address and ID) before performing financial transactions.
It's also important to keep in mind that even having an app in the official iOS or Android app stores doesn't guarantee its legality or compliance with federal requirements.
This warning follows the recent closure of Samourai, an illegal cryptocurrency transfer platform with a mixing function that allowed the laundering of funds obtained through criminal activities. Law enforcement agencies confiscated Samourai's domains and web servers, and the Samourai Wallet app was removed from Google Play after receiving an arrest warrant.
In addition, the US Department of Justice charged the founders and operators of the platform, Keonna Rodriguez and William Lonergan Hill, with laundering illegally obtained funds, as well as receiving commissions for their services.
The Federal Bureau of Investigation (FBI) warns the public against using unregistered cryptocurrency transfer services, which can lead to financial losses if they are closed by law enforcement agencies.
The warning applies to platforms that are not registered as Money Services Businesses (MSBs) and do not meet the anti-money laundering requirements prescribed by US federal law.
The FBI draws attention to the fact that such services often become targets for law enforcement operations, especially if criminals use them to transfer or launder funds obtained illegally.
In a statement posted on the FBI's Internet Crime Complaint Center portal, it states: "Using a service that does not fulfill its legal obligations may put you in a situation of losing access to funds after law enforcement agencies begin to act against such businesses."
To minimize risks, users of cryptocurrency transfers should check whether the service is registered as an MSB using a special service issued by the US Treasury Department, and also avoid using services that do not request KYC information (name, date of birth, address and ID) before performing financial transactions.
It's also important to keep in mind that even having an app in the official iOS or Android app stores doesn't guarantee its legality or compliance with federal requirements.
This warning follows the recent closure of Samourai, an illegal cryptocurrency transfer platform with a mixing function that allowed the laundering of funds obtained through criminal activities. Law enforcement agencies confiscated Samourai's domains and web servers, and the Samourai Wallet app was removed from Google Play after receiving an arrest warrant.
In addition, the US Department of Justice charged the founders and operators of the platform, Keonna Rodriguez and William Lonergan Hill, with laundering illegally obtained funds, as well as receiving commissions for their services.