A significant portion of scam money is getting laundered through cryptocurrency exchanges, the CEO of the Australian Banking Association has alleged. The Australian Financial Crimes Exchange said as much as 47% of all fraud and financial scam proceeds in the country are washed on crypto exchange platforms.
Crypto a ‘Getaway Vehicle for Scam Money’
According to Anna Bligh, the CEO of the Australian Banking Association (ABA), an “alarming” portion of scam money often gets laundered via cryptocurrency exchange platforms. The CEO added that Australian authorities must also do more to “ensure cryptocurrency is not used as the getaway vehicle for scam money.” This would be in addition to stopping scams from reaching Australians via mobile phones, emails and social media, a report said.
The remarks by Bligh are seemingly backed by the latest data from the Australian Financial Crimes Exchange (AFCX). The data reportedly shows that as much as 47% of all proceeds from fraud and fina
We współpracy z: https://news.bitcoin.com/scam-money-is-laundered-via-crypto-exchanges-australian-regulator/
