6 hours ago
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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. The report does not claim that every compound has one, or say who owns the counters it found.
Where the counter sits changes the paper trail. When crypto is turned into spendable mon...
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