Scam Money Is Laundered via Crypto Exchanges — Australian Regulator – Regulation Bitcoin News
August 18, 2023
A significant portion of scam money is getting laundered through cryptocurrency exchanges, the CEO of the Australian Banking Association has alleged. The Australian Financial Crimes Exchange said as much as 47% of all fraud and financial scam proceeds in the country are washed on crypto exchange platforms.
Crypto a ‘Getaway Vehicle for Scam Money’
According to Anna Bligh, the CEO of the…