Asia Faces Surge in Cryptocurrency-Related Crimes

Ashish Sukhadeve

Casinos and cryptocurrencies have become key components of underground banking and money laundering in East and Southeast Asia

South Korea has established an interagency investigation team to address the rising number of crypto crimes

The United Nations Office on Drugs and Crime reports that cryptocurrency misuse is fueling illicit economies in the region.

Illicit use of cryptocurrencies reached a record $20.1 billion in 2022, with a significant portion involving sanctioned entities

Organized crime groups are leveraging technology and cryptocurrencies to create new challenges for law enforcement.