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Chinese brokers are laundering hundreds of millions of dollars for global crime groups, according to a recent FT Film. The rise of technology has made such crimes easier to commit and harder to detect, as highlighted in a new book by Geoff White. The Financial Crimes Enforcement Network (FinCEN) notes that the illicit use of cryptocurrencies by criminals creates new opportunities for detection. In 2023, an estimated $22.2 billion in illicit funds were laundered globally using cryptocurrencies, according to blockchain-analysis firm Chainalysis. Chinese organized crime is becoming an increasing problem in the United States, involving activities from illegal drugs to online fraud.
Jurisdictional whackamole confounds the policing of cybercrime involving crypto and will continue to for years. A new book explains how technology has changed money-laundering https://t.co/PizKSLhbce 👇
An estimated $22.2bn in illicit funds were laundered globally using cryptocurrencies in 2023, according to Chainalysis, a blockchain-analysis firm. A gripping new book by Geoff White explains how https://t.co/2zQR9l7KEv 👇
Chinese organized crime increasingly becomes an issue in the US From illegal drugs to online fraud, Chinese organized crime is becoming an increasing problem in the United States. Read more ⬇️ https://t.co/FviL3CNHZ0
