Non-fungible tokens (NFTs), the financial securities consisting of digital data stored in a blockchain, can be used in trade-based money laundering (TBML) operations according to Niels Obbink, chief and general director of the Fiscal Information and Investigation Service, the Dutch government agency responsible for investigating financial crimes.

Price volatility in NFT markets can make it difficult to determine whether a transaction is in line with the fair market value of the goods being traded, thus making it hard to detect some TBML operations.

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