In brief
- The NECC says criminals are making innovative use of crypto products to move illicit value at scale.
- Cryptoassets rank third among nine priorities the agency agreed with the FCA and the Treasury.
- A RUSI paper from a roundtable the NECC convened argues against banning crypto privacy tools.
Criminals are making “innovative use of crypto asset products to evade detection and move illicit value at scale,” Britain’s National Economic Crime Centre, a National Crime Agency unit coordinating the country’s response to economic crime, said in its annual report, published this week.
The line sits in a threat assessment describing laundering networks proliferating across borders and combining “novel and traditional” methods, moving money…
