New DEA report includes Bitcoin 'Trade-based money laundering' section

posted 7 months ago
Drug traffickers and money launderers are increasingly incorporating virtual currency into [trade-based money laundering (TBML)] activity as the use of these currencies becomes more widely adopted.

DEA reporting has revealed instances in which bulk currency contracts were fulfilled through the use of virtual currency instead of cash, with this money subsequently being integrated into the TBML cycle.

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