Illicit cryptocurrency transaction activity reaches all-time high in value, all-time low in share of all cryptocurrency activity
Cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving US$14 billion over the course of the year, up from US$7.8 billion in 2020 according to blockchain analysis firm Chainalysis. Evidence suggests that cryptocurrencies have been and will be used in trade-based…
Banks involved in international trade need to be more alert to illicit trading in the UK’s new freeports
Banks involved in international trade transactions need to be more alert to illicit trading in the UK’s eight new freeports that are due to enter operation in late 2021 according to a new study from the University of Portsmouth. It highlights the potential for trade-based…
