Britain's National Economic Crime Centre Warns Criminals Are Using Crypto Assets to Evade Detection

Britain's National Economic Crime Centre said criminals are using crypto-asset products in increasingly innovative ways to evade detection and move illicit value at scale. According to NS3.AI, cryptoassets rank third among nine economic crime priorities agreed with the Financial Conduct Authority, the Home Office and the Treasury. Operation Atlantic identified 20,000 approval-phishing victims and froze $12 million in March.