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NEWS: Crypto is the mainstream money laundering avenue to send dirty money offshore; ATMs are increasing problem, warns Austrac

UNREGULATED CRYPTO ATMs: Britain's FCA has raided a number of businesses hosting such ATMs. File picture used for illustrative purposes only.

By AML Intelligence Correspondents

THE AUSTRALIAN Transaction Reports and Analysis Centre (Austrac) has said cryptocurrency is now the “standard part of the money-laundering tool kit” for organised crime groups.

The financial intelligence agency also described how Russian paramilitary groups are soliciting cryptocurrency donations to buy weapons to fight in Ukraine.

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