Crypto-linked suspicious transactions hit record high in Germany
Germany’s Financial Intelligence Unit reported a record surge in suspicious activity reports tied to cryptocurrencies last year, even as overall SAR filings declined.
In its annual report released Tuesday in Cologne, the FIU stated that 8,711 crypto-related notifications were submitted in 2024 — marking an 8.2% increase from the previous year, Bloomberg reported. This occurred despite the total number of SARs dropping after the agency issued new guidance aimed at reducing irrelevant reports.
The majority of the flagged transactions involved Bitcoin (BTC), followed by Ethereum (ETH), Tether (USDT), and Litecoin (LTC). These tokens were frequently linked to activity on trading platforms, mixing services, or online…
