TechFlow news, June 15 — According to a Decrypt report, Germany's Financial Intelligence Unit (FIU) annual report shows that in 2024, the number of anti-money laundering reports involving cryptocurrencies in Germany increased by 8.2% year-on-year to 8,711, accounting for 3.3% of all suspicious activity reports (SARs).
The FIU believes cryptocurrencies have become a key component of complex international money laundering structures. Tobias Schweiger, CEO of anti-financial crime firm Hawk, said crypto assets are becoming increasingly attractive to potential money launderers because they can more easily hide fund flows on digital ledgers, while detection mechanisms struggle to keep pace with changes.
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