U.S. Treasury Secretary Scott Bessent disclosed on Friday details of a sophisticated international money laundering operation that allegedly funneled taxpayer funds to overseas entities, with concerning links to terror financing networks in the Horn of Africa. The scheme highlights growing vulnerabilities in cross-border financial flows and underscores escalating pressure on regulatory bodies to tighten enforcement mechanisms against illicit capital movement—a critical issue as digital assets increasingly intersect with traditional financial systems.
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GmGmNoGn
· 13h ago
Here we go again? Money laundering with USD is almost a daily routine, and regulators are still dragging their feet.
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AirdropAnxiety
· 01-12 11:25
Hmm... here comes this routine again. Every time, they say they've uncovered a major case, and then? Can regulators really keep it under control?
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ApeDegen
· 01-11 00:06
Is this the same old tune again? Real money has been washed away, and regulatory authorities are still just talking on paper.
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LightningWallet
· 01-10 01:02
Another big show, real money is flowing out, and regulators are still dozing off.
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AirdropChaser
· 01-10 01:02
Coming back with the same story? Every time they say they've uncovered a major case, but in the end, funds still flow out as usual, and regulatory authorities are just talking on paper here.
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PancakeFlippa
· 01-10 00:54
Another big show... What kind of tricks is the US pulling off this time?
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CommunityWorker
· 01-10 00:47
Coming back with this again? Tax funds are being laundered abroad and linked to terrorist financing—it's just one thing after another.
U.S. Treasury Secretary Scott Bessent disclosed on Friday details of a sophisticated international money laundering operation that allegedly funneled taxpayer funds to overseas entities, with concerning links to terror financing networks in the Horn of Africa. The scheme highlights growing vulnerabilities in cross-border financial flows and underscores escalating pressure on regulatory bodies to tighten enforcement mechanisms against illicit capital movement—a critical issue as digital assets increasingly intersect with traditional financial systems.