{"id":40541,"date":"2025-08-05T14:32:00","date_gmt":"2025-08-05T14:32:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40541"},"modified":"2025-08-05T14:32:00","modified_gmt":"2025-08-05T14:32:00","slug":"fincen-warns-financial-institutions-of-crypto-kiosk-scams","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40541","title":{"rendered":"FinCEN Warns Financial Institutions of Crypto Kiosk Scams"},"content":{"rendered":"<div>\n<p>The U.S. Treasury\u2019s Financial Crimes Enforcement Network (FinCEN) has issued a notice urging financial institutions to watch for suspicious activity tied to crypto kiosks.d<\/p>\n<p>These convertible virtual currency (CVC) kiosks, which allow users to access and transact in cryptocurrency, offer consumers a simple way to buy crypto, the money laundering watchdog said. Yet, FinCEN <a href=\"https:\/\/www.fincen.gov\/news\/news-releases\/fincen-issues-notice-use-convertible-virtual-currency-kiosks-scam-payments-and\">said<\/a> these are being exploited by criminals to engage in fraud, cybercrime and drug trafficking.<\/p>\n<p>The agency pointed to a growing number of scams involving payments made through these machines, including fake tech support, customer service impersonation and bank-related scams, some of which disproportionately affect older adults.<\/p>\n<p>\u201cCriminals are relentless in their efforts to steal money from victims, and they\u2019ve learned to exploit innovative technologies like CVC kiosks,\u201d said FinCEN Director Andrea Gacki in a statement.<\/p>\n<p>The notice points out that risks are exacerbated by institutions failing to meet their obligations under the Bank Secrecy Act.<\/p>\n<p>FinCEN has for years been tracking illicit uses involving crypto. Last year, it released a report saying<a href=\"https:\/\/www.coindesk.com\/policy\/2024\/02\/13\/bitcoin-favored-in-human-trafficking-child-exploitation-fincen-report\"> bitcoin became a popular means<\/a> of payment related to smuggling and exploitation of people. It has also analyzed <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/03\/14\/fincen-is-analyzing-165m-in-transactions-that-may-tie-crypto-and-hamas-senior-official-says\">crypto transactions potentially tied to Hamas.<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Treasury\u2019s Financial Crimes Enforcement Network (FinCEN) has issued a notice urging financial institutions to watch for suspicious activity tied to crypto kiosks.d These convertible virtual currency (CVC) kiosks, which allow users to access and transact in cryptocurrency, offer consumers a simple way to buy crypto, the money laundering watchdog said. Yet, FinCEN said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40541","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40541"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40541\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}