Crypto Desks Inside Scam Compounds: What FATF Found

Key Takeaways FATF found exchange desks inside some compounds KK Park-linked wallets drew over $100 million Some proceeds moved onward within two minutes Indonesia blocked over 515,000 scam-linked accounts The findings come from the Financial Action Task Force’s report on scam-compound financial flows , published on November 5 together with a set of principles for disrupting them. A dealer’s counter behind the compound walls FATF found dedicated over-the-counter counters inside some compounds, offering cryptocurrency exchange and domestic fund transfers. Over-the-counter means a dealer arranges the swap directly instead of matching orders on a public trading platform.

Source: Coindoo