
Virtual currencies increasingly feeding TBML operations says DEA
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 according to the US Drug Enforcement Administration (DEA).
The administration’s recently published National Drug Threat Assessment 2020 says reporting has revealed instances in which bulk currency contracts were fulfilled through the use of virtual currency instead of cash.
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