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US FinCEN warns on anti-money laundering, scam risks of cryptocurrency kiosks

( August 4, 2025, 23:58 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued a notice urging financial institutions to be vigilant in identifying and reporting suspicious activity involving convertible virtual currency (CVC) kiosks, which can exploited by illicit actors, including scammers. Illicit activity involving CVC kiosks includes fraud, certain types of cybercrime and drug trafficking organization activity, which are three of FinCEN’s anti-money laundering and countering the financing of terrorism priorities.Statement follows below. See attached file....

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