Chinese-language money laundering networks are now driving 20% of laundering activity in the illicit crypto economy.
In a recent article published by the blockchain intelligence firm Chainalysis, Managing Director Chris Urben sheds light on the rapid and recent transition to crypto, which is now preferred by Chinese money laundering networks over informal value transfer systems.
According to Chris: “The most effective investigative strategy is to match your investigative tools against the operational approach of the CMLOs. To detect these money laundering networks, you need to rely on open source and human source intelligence combined with blockchain analysis. Only when these tools work together, and develop leads that feed into each other, will you be able to match the players to the currency movements and map the networks.”
Read the full article to learn more about how crypto is making it easier to move large holdings across borders.
