DOJ Charges Venezuelan National in $1 Billion Crypto Laundering Scheme

The Department of Justice charged a Venezuelan national this week for allegedly using crypto exchanges in a $1 billion money laundering scheme. According to the complaint, the funds moved in and out of the United States. Outbound destinations included “high-risk” jurisdictions such as Colombia, China, Panama, and Mexico. Prosecutors Detail Multi-Step Crypto Fund Routing According to court records, 59-year-old Jorge Figueira of Venezuela is accused of using multiple bank accounts, cryptocurrency exchange accounts, private crypto wallets, and shell companies to move and launder illicit funds across borders source: https://beincrypto.com/doj-charges-venezuelan-national-crypto-laundering-scheme/