Get all your news in one place.
100's of premium titles.
One app.
Start reading
Zenger
Zenger
Murtuza Merchant

Crypto Used To Launder Nearly Half Of Financial Scam Proceeds In Australia: Report

Cryptocurrency platforms in Australia are reportedly being used to launder nearly half of the proceeds from financial scams. PHOTO BY PIERRE BORTHIRY/UNSPLASH

Cryptocurrency platforms in Australia are reportedly being used to launder nearly half of the proceeds from financial scams.

That’s according to the Australian Financial Crimes Exchange (AFCX), a non-profit organization that sourced data from the country’s major banks.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.