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Australian Authorities Say Crypto Is Too Often Used for Money Laundering

Australian law enforcement agents are claiming that crypto has become the number one go-to tool for those looking to commit money laundering or financial fraud. Australian Authorities Issue Crypto Warning Senior executives of the Australian Transaction Reports and Analysis Center (AUSTRAC) claim crypto has become part of the “money laundering tool kit,” and that using digital currency technology to sneak and hide funds from prying eyes has become standard behavior in the...

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