According to a comprehensive report on money laundering in the United States, it is evident that cash continues to be the preferred choice for criminals seeking to launder their illegal proceeds. The report sheds light on the fact that despite advancements in technology and the increasing popularity of digital transactions, criminals still rely on cash-based methods to conceal and legitimize their illicit funds. This highlights the ongoing challenges faced by authorities in combating money laundering activities. It is crucial for law enforcement agencies and financial institutions to remain vigilant and implement effective measures to detect and prevent cash-based money laundering schemes.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinComparison of Money Laundering Rates: Crypto vs. Cash Reveals Lower Risk, Says...