Cryptocurrency transactions offer a decentralized and often anonymous way to transfer value. However, when funds originate from unknown or unverified wallet addresses, they present significant tax and compliance challenges. In this blog, we explore why these transactions raise red flags and how they impact financial reporting. Why Source of Funds Matters Regulatory bodies emphasize the […]
A friend recently contacted me in a state of panic following a hack into his crypto account. He wanted to know if I can help following my recent role in Crypto Investigations but until I could get my hands on a tool all I could do at the time was help him follow the trail […]
An estimated $3 trillion is laundered globally each year, and in 2024 alone, around $51 billion was funneled into illicit cryptocurrency addresses, according to the annual report by crypto analytics giant Chainalysis. While many assume that tackling this issue is solely the responsibility of law enforcement and public agencies, the reality is quite different. The […]
In the dynamic and often unpredictable world of cryptocurrency, compliance remains a cornerstone of trust and sustainability. A recent webinar hosted by the Crypto Forensics company Merkle Science featuring Manfred Berkeris, Compliance Lead at Paxful, David Hirsh, Partner at McGuire Woods, and Alex Cote, Compliance Lead at Binance, explored the gap between expectations and reality […]