Swedish authorities label certain cryptocurrency exchanges as key enablers of organized crime, highlighting four distinct money-laundering profiles.
The Swedish Police Authority and the Financial Intelligence Unit (FIU) have classified cryptocurrency exchanges as “professional money launderers (PML)” following an analysis of services provided by unlicensed and illegal providers.
According to the FIU, PMLs have criminal links and enable several individuals and criminal networks to systematically launder money.
Based on their analysis of underlying characteristics, the FIU categorized PMLs into four profiles: the node exchange provider, the hawala exchange provider, the asset exchange provider and the platform exchange provider.
