Europol confirmed laundering through crypto currency up to $ 5 billion
Law enforcers can not yet control the shadow flows of money and freeze them
The police can not track transactions with crypto-currencies, nor can they freeze these assets, the Air Force reports with reference to Europol director Rob Wainwright.
According to him, from 4.5 billion to 5 billion dollars out of a hundred illegally obtained, "laundered" using crypto-currency.
"Operations are not regulated by the central authorities of countries, so the police can not track these transactions. Even if they determine that transactions are of a criminal nature, they can not freeze assets, unlike the traditional banking system, "said the director of Europol.
He also added that now the trend of using crypto currency in "laundering" illegally obtained money will only grow despite the fact that now this amount is only 4.5-5% of the total amount of illegal circulation of funds.
At the same time, as noted in Europol, despite all the measures taken, the possibilities of service in this direction are still considerably limited. The reason is that in most cases it is very difficult for the police to determine who is taking out this money. Wainwright argues that this is more than suits criminals.
The head of the European police also informed that the most difficult situation is with such crypto-currencies as Monero or Zcash. The algorithms of these virtual money make it possible to considerably complicate the task of law enforcement officers in setting up the sender or recipient of the transaction.
As Europol emphasizes, one who provides services for the exchange of "digital funds" for cash must feel responsible and cooperate with the police.
Earlier, the managing director of the International Monetary Fund, Christine Lagarde, stated that international regulation of operations with crypto-currencies is inevitable.
A source: hubs.ua
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