illicitfinance
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ترجمة
Inside the $1B IRGC Crypto Pipeline Hidden in the UK
TRM Labs has uncovered a staggering case of covert financial infrastructure operating in plain sight: two UK-registered crypto exchanges — Zedcex and Zedxion — quietly processed nearly $1 billion in USDT for Iran’s Islamic Revolutionary Guard Corps (IRGC). Despite presenting themselves as ordinary trading platforms and repeatedly filing “dormant” accounts in the UK, the exchanges were functioning as a single operation embedded deep within Iran’s long-running sanctions-evasion ecosystem.
According to TRM’s analysis, IRGC-linked flows made up as much as 87% of all activity in 2024. The corporate trail points to sanctioned financier Babak Zanjani, whose past involvement in laundering billions for Iranian regime entities underscores that this was not accidental misuse of crypto rails but part of a state-aligned financial network adapting to stablecoins.
The report also highlights direct transfers — without intermediaries — to a U.S.-designated Houthi financier, revealing how the exchanges acted as operational payment rails rather than incidental touchpoints. With most of the activity settled in USDT on TRON, the case shows how deeply sanctioned actors are now integrating with mainstream stablecoin markets.
For regulators and the industry, the findings raise pressing questions about beneficial ownership, offshore corporate shells, and the growing risk of entire crypto platforms being built and controlled by sanctioned organizations.
#CryptoCompliance #IllicitFinance #SanctionsEvasion
TRM Labs has uncovered a staggering case of covert financial infrastructure operating in plain sight: two UK-registered crypto exchanges — Zedcex and Zedxion — quietly processed nearly $1 billion in USDT for Iran’s Islamic Revolutionary Guard Corps (IRGC). Despite presenting themselves as ordinary trading platforms and repeatedly filing “dormant” accounts in the UK, the exchanges were functioning as a single operation embedded deep within Iran’s long-running sanctions-evasion ecosystem.
According to TRM’s analysis, IRGC-linked flows made up as much as 87% of all activity in 2024. The corporate trail points to sanctioned financier Babak Zanjani, whose past involvement in laundering billions for Iranian regime entities underscores that this was not accidental misuse of crypto rails but part of a state-aligned financial network adapting to stablecoins.
The report also highlights direct transfers — without intermediaries — to a U.S.-designated Houthi financier, revealing how the exchanges acted as operational payment rails rather than incidental touchpoints. With most of the activity settled in USDT on TRON, the case shows how deeply sanctioned actors are now integrating with mainstream stablecoin markets.
For regulators and the industry, the findings raise pressing questions about beneficial ownership, offshore corporate shells, and the growing risk of entire crypto platforms being built and controlled by sanctioned organizations.
#CryptoCompliance #IllicitFinance #SanctionsEvasion
ترجمة
US Treasury Eyes Digital ID for DeFi to Curb Illicit Finance
Key Takeaways:
US Treasury targets illicit finance in DeFi with digital ID plans.Public invited to weigh in on innovative detection methods.Digital ID could balance transparency and user privacy in crypto.
The US Treasury is exploring digital identity verification in decentralized finance. This move targets illicit activities in the booming digital asset space. It aims to tighten security without stifling innovation, focusing on how DeFi platforms can adopt these measures.
Could Digital IDs Be the Key to Trust in DeFi?
The Treasury's Office of Foreign Assets Control (OFAC) requested comments on new tools to detect illicit digital asset activities on August 18, 2025. They specifically highlight digital ID verification as a potential innovation to track and restrict unlawful use of cryptocurrencies.
DeFi's anonymous nature complicates regulation. Digital ID systems could bridge this gap, linking users to their transactions without exposing excessive personal data.
The Treasury's approach reflects an increasing demand for accountability. Digital ID might help identify bad actors using DeFi for money laundering or sanctions evasion.
Innovation or Invasion? Digital ID Sparks Debate
The proposal raises questions about privacy and decentralization. Experts wonder if digital ID could undermine DeFi’s core principle of user anonymity.
The Treasury invites public input on balancing anti-money laundering (AML) measures with protecting user rights. They ask specifically how technology can detect illicit actors early and efficiently.
This request for comment signals the Treasury’s commitment to proactive regulation. It also shows openness to tech-driven solutions, emphasizing innovation over blanket bans.
DeFi's global, permissionless nature makes traditional methods ineffective. Digital identity verification may be the breakthrough needed to ensure compliance and foster trust.
#DigitalID #DeFiSecurity #USATreasury #CryptoRegulation #IllicitFinance
US Treasury targets illicit finance in DeFi with digital ID plans.Public invited to weigh in on innovative detection methods.Digital ID could balance transparency and user privacy in crypto.
The US Treasury is exploring digital identity verification in decentralized finance. This move targets illicit activities in the booming digital asset space. It aims to tighten security without stifling innovation, focusing on how DeFi platforms can adopt these measures.
Could Digital IDs Be the Key to Trust in DeFi?
The Treasury's Office of Foreign Assets Control (OFAC) requested comments on new tools to detect illicit digital asset activities on August 18, 2025. They specifically highlight digital ID verification as a potential innovation to track and restrict unlawful use of cryptocurrencies.
DeFi's anonymous nature complicates regulation. Digital ID systems could bridge this gap, linking users to their transactions without exposing excessive personal data.
The Treasury's approach reflects an increasing demand for accountability. Digital ID might help identify bad actors using DeFi for money laundering or sanctions evasion.
Innovation or Invasion? Digital ID Sparks Debate
The proposal raises questions about privacy and decentralization. Experts wonder if digital ID could undermine DeFi’s core principle of user anonymity.
The Treasury invites public input on balancing anti-money laundering (AML) measures with protecting user rights. They ask specifically how technology can detect illicit actors early and efficiently.
This request for comment signals the Treasury’s commitment to proactive regulation. It also shows openness to tech-driven solutions, emphasizing innovation over blanket bans.
DeFi's global, permissionless nature makes traditional methods ineffective. Digital identity verification may be the breakthrough needed to ensure compliance and foster trust.
#DigitalID #DeFiSecurity #USATreasury #CryptoRegulation #IllicitFinance
ترجمة
BULLETIN: Combating Illicit Finance
Global Authorities Intensify Warnings on Crypto-Related Money Laundering and Tax Evasion
GLOBAL / NEW YORK CITY, December 12, 2025 – 04:06 AM EST
Financial regulatory bodies worldwide are continuously escalating their warnings regarding the use of cryptocurrencies for illegal activities, particularly money laundering and tax evasion. These ongoing alerts underscore the unwavering commitment of state authorities to maintain tight control over financial flows, regardless of the underlying technology. $SEI
Regulators emphasize that while cryptocurrencies offer privacy and efficiency, they are not immune to anti-money laundering (AML) and Know Your Customer (KYC) protocols. Law enforcement agencies are continually enhancing their capabilities to trace illicit transactions across various blockchains , demonstrating that the perceived anonymity of digital assets is rapidly diminishing. $XLM
This concerted international effort is a critical educational point, reinforcing that robust regulatory frameworks are being adapted to counter criminal exploitation of decentralized systems. $XLAB
The message is clear: the use of virtual assets does not provide a shield against legal scrutiny, and failure to comply with national tax and financial regulations will result in severe penalties.
#AMLCrypto
#IllicitFinance
#RegulatoryControl
#BinanceSquareNews
Global Authorities Intensify Warnings on Crypto-Related Money Laundering and Tax Evasion
GLOBAL / NEW YORK CITY, December 12, 2025 – 04:06 AM EST
Financial regulatory bodies worldwide are continuously escalating their warnings regarding the use of cryptocurrencies for illegal activities, particularly money laundering and tax evasion. These ongoing alerts underscore the unwavering commitment of state authorities to maintain tight control over financial flows, regardless of the underlying technology. $SEI
Regulators emphasize that while cryptocurrencies offer privacy and efficiency, they are not immune to anti-money laundering (AML) and Know Your Customer (KYC) protocols. Law enforcement agencies are continually enhancing their capabilities to trace illicit transactions across various blockchains , demonstrating that the perceived anonymity of digital assets is rapidly diminishing. $XLM
This concerted international effort is a critical educational point, reinforcing that robust regulatory frameworks are being adapted to counter criminal exploitation of decentralized systems. $XLAB
The message is clear: the use of virtual assets does not provide a shield against legal scrutiny, and failure to comply with national tax and financial regulations will result in severe penalties.
#AMLCrypto
#IllicitFinance
#RegulatoryControl
#BinanceSquareNews
ترجمة
🌑 The whispers are growing louder... 🌑
$Illicit isn't just a token. It's a secret handshake. A key to a door that remains invisible to the ordinary.
Its value isn't printed on charts... it's felt in the silence by those who are tuned to the right frequency. 📡
This is your invitation to step into the unseen. To move beyond the noise and become part of the silent foundation.
The question isn't if you can afford it... but if you can perceive it. 🧠
Join The Unseen. Hold The Shadow.
🔗 CA : 0x8187fb8ad8c99cfc2f1e0999f77e1e9c6545ac51
#IllicitFinance #WhisperChain #ShadowFinance #TheUnseenOnes #defi $BTC $ETH $BNB
$Illicit isn't just a token. It's a secret handshake. A key to a door that remains invisible to the ordinary.
Its value isn't printed on charts... it's felt in the silence by those who are tuned to the right frequency. 📡
This is your invitation to step into the unseen. To move beyond the noise and become part of the silent foundation.
The question isn't if you can afford it... but if you can perceive it. 🧠
Join The Unseen. Hold The Shadow.
🔗 CA : 0x8187fb8ad8c99cfc2f1e0999f77e1e9c6545ac51
#IllicitFinance #WhisperChain #ShadowFinance #TheUnseenOnes #defi $BTC $ETH $BNB
ترجمة
Independent data from Chainalysis & TRM: illicit exposure on top CEXs is a few hundredths of 1%. Binance is lower—and down 96–98% since 2023.
Here's how we did it at the largest scale 👉🏻 binance.com/en/blog/securi…
#CryptoCompliance
#BinanceSecurity
#OnChainAnalytics
#CEX
#IllicitFinance
$BNB
Here's how we did it at the largest scale 👉🏻 binance.com/en/blog/securi…
#CryptoCompliance
#BinanceSecurity
#OnChainAnalytics
#CEX
#IllicitFinance
$BNB
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