The annual report of the Financial Intelligence Unit (FIU) of Germany shows that the number of anti-money laundering reports related to cryptocurrency in this country increased by 8.2% in the past year, from 8,049 reports in 2023 to 8,711, accounting for 3.3% of the total number of suspicious activity reports. This is the highest level in history, reflecting a significant increase in risks associated with cryptocurrency in the German market.
Compared to 2020, this figure has increased sharply by 23.6%. Bitcoin continues to be the most frequently appearing cryptocurrency in reports, demonstrating its dominant role in suspected money laundering activities. Ethereum, XRP, Tether, and Litecoin follow in this list, indicating the degree of diversification of digital assets used in the underground financial ecosystem.
Credit institutions and banks are entities that generated over 6,000 reports related to cryptocurrency. Most of these cases record direct interaction with trading platforms, mixing services, as well as online gambling websites. The increasing impetus mainly arises from the development of DeFi, along with the popularity of peer-to-peer (P2P) transfer models, facilitating the concealment of asset origins.
This report highlights the increasingly strong correlation between cryptocurrency and sophisticated money laundering activities, requiring regulatory authorities to tighten their inspection and monitoring mechanisms further. The concentration of reports in certain key asset types also shows a trend of prioritizing coins with high liquidity, easy convertibility, and associated with large trading pairs in the international market. The continuous development of the cryptocurrency ecosystem continues to pose challenges for the traditional financial system as well as state regulatory agencies.
Source: https://tintucbitcoin.com/duc-ghi-nhan-rua-tien-tien-so-tang-82/
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