Today in data, digital identity verification techniques can reduce money laundering and increase compliance. Plus, a former Paraguay congresswoman was sentenced in a money laundering scheme, and Bitcoin is at the center of two major financial schemes.
Data
33: Months of jail time Cynthia Elizabeth Tarrago Diaz, once a member of Paraguay’s Congress, faces for her role in an international money laundering scheme
$2M: Amount Tarrago Diaz and her husband Raimundo Va agreed to accept from alleged drug traffickers
$2.3M; $380K: Amount of bitcoin laundered and cryptocurrency converted to cash by Thomas Spieker and his accomplices
$44M: Amount of money involved in Bitcoin-related Ponzi scheme earlier this month
5%: Estimated global domestic product, totaling $2 trillion, that’s laundered every year
