The New York State Police won grave approval this week for a work tracing bank deposits behind to a series of drug deals conducted in bitcoin on an online dark market.
The Financial Crimes Enforcement Network (FinCEN) presented an award to a New York State Police Suspicious Activity Review (SAR) Team and a New York State Police Financial Crimes Unit during an eventuality hold during a US Department of a Treasury in Washington, DC.
In a matter to announce a endowment and 5 others, effusive FinCEN executive Jennifer Shasky Calvery spoke to a augmenting sophistication of financial crimes review by US officials.
“Without a profitable information that US financial institutions provide, a poignant cases famous here currently would expected never have seen a light of day.”
In this sold case, while reviewing financial reports supposing as partial of a Bank Secrecy Act, a military department’s SAR group detected that over a six-month period, an unnamed particular done some-more than 20 un-sourced deposits totaling $170k, in amounts clearly designed to hedge detection.
An review by a department’s Financial Crimes Unit detected that an particular had deposited money into several bank accounts, used a money to squeeze bitcoin, afterwards closed