FinCEN Warns Financial Institutions of Rising Crypto ATM Abuse by Criminals and Cartels
2025-08-05
FinCEN has alerted banks about the increasing criminal use of cryptocurrency ATMs (CVC kiosks) in scams and drug trafficking. Scammers trick victims into converting money into crypto via kiosks, exploiting transaction anonymity and speed. Regulatory non-compliance by kiosk operators leaves gaps that transnational crime networks are exploiting. The US Treasury’sContinue Reading