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…
TCOs “highly favour” TBML operations to manipulate financial institutions and international trade
Transnational Criminal Organisations (TCOs) continue to highly favour trade-based money laundering (TBML) operations to transport and launder illicit proceeds through the manipulation of international trade and financial institutions according to the US Drug Enforcement Administration’s (DEA’s) recently published National Drug Threat Assessment 2020. It says…
