According to Deep Tide TechFlow, the annual report from the German Financial Intelligence Unit (FIU) shows that the number of anti-money laundering reports involving cryptocurrencies in Germany increased by 8.2% year-on-year in 2024, reaching 8,711, accounting for 3.3% of all suspicious activity reports.
The FIU believes that cryptocurrencies have become a key component of complex international money laundering schemes. Tobias Schweiger, CEO of anti-financial crime firm Hawk, stated that the appeal of crypto assets to potential money launderers is increasing, as they can more easily hide the flow of funds on digital ledgers.