CRIMINALS OPTING FOR CRYPTO CURRENCY IN A BID TO COVER TRACKS
March 1st, 2018
A new set of privacy-focused cryptocurrencies could offer criminals an opportunity to conduct illicit financial activities and evade anti-money laundering (AML) protocols, aided by an undeveloped patchwork of fragmented systems of regulation.
AML industry analysts have warned that urgent international action is required to curb cryptocurrency ML, with criminals increasingly switching funds between cryptocurrencies offering anonymity features, hindering the detection and identification of users.
Law enforcement officials from police agencies Europol and ...
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