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Cryptocurrency

People have avoided sanctions using all sorts of dodgy methods, crypto is actually more transparent in some ways as bar a couple of private chains all transactions are on a public ledger though just the values rather than who sent or received them.
 
On this "crypto helps criminals and sanctions evaders". Criminals and sanctions evaders hedge their bets. They use every method of storing and transferring value known to man. Crypto services are now regulated for financial crime prevention in FATF compliant countries and have been for years.

The latest national risk assessment of money laundering and terrorist financing still assesses crypto to be less exposed to risk than mainstream payments channels and cash.
 
Silly McSilly Face said:
On this "crypto helps criminals and sanctions evaders". Criminals and sanctions evaders hedge their bets. They use every method of storing and transferring value known to man. Crypto services are now regulated for financial crime prevention in FATF compliant countries and have been for years.

The latest national risk assessment of money laundering and terrorist financing still assesses crypto to be less exposed to risk than mainstream payments channels and cash.
Click to expand...
Cash is still king (for the time being)

Not sure on your analysis on the rest of the NRA

Based on the UK National Risk Assessment (NRA) of Money Laundering and Terrorist Financing 2025, published in July 2025, the risk assessment for cryptoassets has significantly evolved, and they are no longer uniformly assessed as less risky than traditional channels.
International Compliance Association

Key findings from the 2025 NRA regarding crypto risk include:
Risk Level Increase: The money laundering risk associated with cryptoasset service providers has increased from medium to high since 2020.
Comparison to Cash: While cash remains a high-risk, core method for money laundering, cryptoassets are now frequently used by serious and organised crime, with stablecoins like Tether (USDT) becoming a primary tool for laundering.
Growing Threats: The 2025 NRA notes that crypto is no longer just an "emerging" risk, but is "deeply embedded in laundering typologies". The National Crime Agency (NCA) estimated £1.7-5.1 billion in illicit crypto transactions are linked to the UK annually.
"High-Risk" Designation: Cryptoasset service providers are now considered to have a high level of risk due to transaction speed, volume, and connections to traditional financial systems.
Electronic Money Institutions (EMIs) and Payment Service Providers (PSPs): The 2025 assessment also elevated the risk of EMIs and PSPs from medium to high, highlighting that they are now often used in tandem with crypto for money laundering.
Osborne Clarke

While traditional cash-based money laundering remains a major concern, the latest 2025 assessment indicates that cryptoassets have caught up in terms of risk profile, becoming a major, high-level threat rather than a lower-risk alternative.
PSP Lab
 
ricky2tricky4city said:
Cash is still king (for the time being)

Not sure on your analysis on the rest of the NRA

Based on the UK National Risk Assessment (NRA) of Money Laundering and Terrorist Financing 2025, published in July 2025, the risk assessment for cryptoassets has significantly evolved, and they are no longer uniformly assessed as less risky than traditional channels.
International Compliance Association

Key findings from the 2025 NRA regarding crypto risk include:
Risk Level Increase: The money laundering risk associated with cryptoasset service providers has increased from medium to high since 2020.
Comparison to Cash: While cash remains a high-risk, core method for money laundering, cryptoassets are now frequently used by serious and organised crime, with stablecoins like Tether (USDT) becoming a primary tool for laundering.
Growing Threats: The 2025 NRA notes that crypto is no longer just an "emerging" risk, but is "deeply embedded in laundering typologies". The National Crime Agency (NCA) estimated £1.7-5.1 billion in illicit crypto transactions are linked to the UK annually.
"High-Risk" Designation: Cryptoasset service providers are now considered to have a high level of risk due to transaction speed, volume, and connections to traditional financial systems.
Electronic Money Institutions (EMIs) and Payment Service Providers (PSPs): The 2025 assessment also elevated the risk of EMIs and PSPs from medium to high, highlighting that they are now often used in tandem with crypto for money laundering.
Osborne Clarke

While traditional cash-based money laundering remains a major concern, the latest 2025 assessment indicates that cryptoassets have caught up in terms of risk profile, becoming a major, high-level threat rather than a lower-risk alternative.
PSP Lab
Click to expand...
It is more the implication routinely peddled that crypto is inherently dodgy in comparison to other methods of storing or transferring value. It isn't. Criminals are using it because it is there. Not because it inherently favours illicit activity.
 
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