PANews|Sep 09, 2026 11:58
[UK National Economic Crime Centre: Criminals Are Using Crypto Assets to Evade Detection and Transfer Illegal Funds on a Large Scale]
According to Decrypt, the UK National Economic Crime Centre (NECC) has warned in its annual report that criminals are using crypto assets in "new ways" to evade detection and transfer illegal funds on a large scale. The report highlights that money laundering networks have evolved into cross-border operations, moving funds through both legal and illegal systems simultaneously. Crypto assets are now ranked third among the nine priority areas for economic crime, surpassing cash and money laundering intermediaries. The NECC stated that it is developing a "more proactive, intelligence-led capability to combat crypto crime," shifting from passive responses to actively generating targets for enforcement.
Share To
HotFlash
APP
X
Telegram
CopyLink