Index/Topics/Money Laundering

Money Laundering

The use of prepaid instruments for laundering illicit proceeds, and the risks associated with it.

Fact-Checks

8 results
Jan 20, 2026

Likelyhood of getting in trouble for cashing in a prepaid gift cards bought on the deep web

Buying prepaid gift cards on the dark/deep web is strongly associated with stolen or fraudulently obtained credentials, and converting those cards into cash or goods exposes the redeemer to significan...

Jan 19, 2026

What exactly does IRS Form 8300 require precious‑metals dealers to report and how are “related transactions” defined?

Form 8300 requires any person in a trade or business, including precious‑metals dealers, to report receipt of more than $10,000 in cash in a single transaction or in related transactions by filing For...

Jan 18, 2026

How many defendants have pleaded guilty in the Feeding Our Future investigations and what sentences have they received?

As the sprawling Feeding Our Future investigation unfolded, dozens of defendants have entered guilty pleas, with reporting documenting at least several dozen pleas over 2022–2025 but no single provide...

Jan 16, 2026

What is the latest on Kotvitski dollar smuggling?

No contemporary reporting in the provided sources mentions a person or operation named "Kotvitski" or "Kotvitski dollar smuggling," so there is no direct update available on that specific query in the...

Jan 15, 2026

What evidence have investigators released about alleged transfers of Minnesota fraud proceeds to Somalia or extremist groups?

Federal investigators have publicly disclosed evidence that stolen Minnesota benefits were wired overseas and that Treasury and law enforcement have opened financial probes targeting money-transfer co...

Jan 12, 2026

What are the legal risks of buying payment instruments on the dark web in 2025?

Buying payment instruments on the dark web in 2025 exposes purchasers to criminal prosecution, asset forfeiture, and severe civil liability across multiple jurisdictions, and it carries practical risk...

Jan 11, 2026

What are the legal risks and penalties for using or operating carding and fraud websites?

Operating or using carding and fraud websites exposes actors to multiple federal criminal statutes that carry heavy prison terms and fines, civil exposure, and investigative scrutiny that often levera...

Jan 5, 2026

What evidence links Mexican criminal groups to fentanyl production and distribution to the United States?

Multiple strands of U.S. government reporting, academic analysis, and law‑enforcement assessments establish that Mexican transnational criminal organizations—most prominently the Sinaloa Cartel and th...