T3 Financial Crime Unit Freezes Over $100M in Anti-Money Laundering Operations

The T3 Financial Crime Unit (T3 FCU) has frozen over $100 million in criminal assets worldwide and marks a significant milestone in its efforts to combat financial crimes specifically related to cryptocurrency.

T3 FCU is a collaborative platform initiated by TRON, Tether & TRM labs. This model works directly with law enforcement agencies at a global level to recognize & disrupt criminal networks that are involved in illegal activities like money laundering & terrorist financing.

T3’s activities involved examining millions of transactions from five continents. According to a recent announcement, the unit tracked over $3 billion in USDT transactions.

The T3 FCU froze Millions of Dollars in criminal assets that are largely attributed to the disruption of money laundering as a service scheme, according to Chris Janczewski – Head of Global Investigations at TRM Labs.

T3 FCU’s ability to work closely with law enforcement worldwide to effectively disrupt cybercriminals from using USDT on TRON is a proof of concept for public-private partnerships.

Chris Janczewski

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Justin Sun, the inventor of the Tron blockchain, voiced a perspective, adding that criminals now have a strong reason to avoid TRX-based products. Furthermore, the T3 FCU targeted North Korean-sponsored hackers, freezing up to $3 million.

According to a news source, Tether will face a new challenge in Europe due to the implementation of MiCAR, which is a question mark about the compliance of stablecoins, including USDT, with European exchanges.