
Fincen warns of the increase in Crypto kiosk scams and BSA violations
On August 4, 2025, the Financial Crimes undercover Network (Fincen) published a notice Warning of financial institutions to climb illegal activity involving convertible virtual currency kiosks (CVC). The opinion cites an increased abusive use of CVC kiosks in fraud regimes, drug trafficking and cybercrime, and identifies the potential violations of the operators of the Bank…