Regulators want tech companies to help them combat a rise in crypto-powered anti-money laundering, experts say, after Tokyo announced it had turned to the business world for assistance.

Japan’s Financial Services Agency said last week it would support private businesses’ efforts to conduct crypto AML-related pilots over the next three months.

“Globally, there is a consistent pattern emerging where the private sector increasingly executes AML operationally because it owns the data, technology, and transaction layers,” Aleksander Gora, the head of…