On August 4, 2025, FinCEN issued a notice warning financial institutions about the misuse of Convertible Virtual Currency (CVC) kiosks for scam payments, money laundering, and other illicit activities. The notice outlines red flag indicators for detecting suspicious activity, reinforces SAR and CTR reporting requirements, and highlights cases where kiosk misuse led to significant victim losses.
Read more at FCC Times https://www.fcctimes.com/2025/08/04/u-s-treasury-warns-of-rising-criminal-exploitation-of-crypto-atms-amid-soaring-fraud-and-laundering-cases/?utm_source=RZOLUTWebsite&utm_medium=FCCRegUpdate03Sep25
