How law enforcement struggles with sophisticated crypto laundering

Advanced crypto laundering techniques continue to challenge law enforcement and crypto-related services as highlighted in a new Chainalysis money laundering report.

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According to a report by Chainalysis, sophisticated money laundering techniques are presenting a significant challenge for law enforcement agencies and cryptocurrency service providers.

On July 11, the blockchain analysis firm Chainalysis released a Crypto Money Laundering report highlighting the trend of billions flowing through the crypto ecosystem from illicit wallets to conversion services every month.

The report showed that these flows utilize advanced methods to obscure the origins and movement of these funds.

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