The U.S. Treasury’s 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 these are being exploited by criminals to engage in fraud, cybercrime and drug trafficking.

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.

“Criminals are relentless in their efforts to steal money from victims, and they’ve learned

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