The Crime and Corruption Commission (CCC) called for reform of Queensland’s Criminal Proceeds Confiscation Act 2002 (CPCA) to counter the growing illicit use of cryptocurrencies in the state.
The Crime and Corruption Commission (CCC), a law enforcement agency in Queensland, Australia, identified certain gaps in state laws that encourage criminal use of digital assets.
To overcome these legal shortcomings, the agency has proposed modernizing Queensland’s asset confiscation regime.
The CCC questioned the efficacy of Queensland’s Criminal Proceeds Confiscation Act 2002 (CPCA) when it comes to confiscating cryptocurrencies tied to organized crimes, such as money laundering.
