Bitcoin ATM Growth May Be a Boon for Money Launderers

[Tnoy30]

As the number of bitcoin ATMs soars, one crypto analytics firm suggests they are increasingly being used to sidestep anti-money laundering (AML) controls.

In its Spring report, published earlier this month, analytics company CipherTrace found bitcoin ATMs were frequently used to send funds to “high-risk exchanges” – trading platforms the company considers to be known for facilitating criminal activity and money laundering.
Read on: https://www.coindesk.com/analytics-firms-bitcoin-atm-linked-money-laundering

[TomPluz]

Any money launderer is using any available means that he can utilize to make his business. All traditional payment and transfer systems are being used by those in money laundering. With Bitcoin, these movements can be trace and that is a big advantage, unlike with fiat money.