Notifications

No new notifications

Accessibility settings

Text size

A-

A+

Reset

Theme color

Reset

Color blind mode
Night reading mode

Last updated on 2 April 2024

Total visitors 591

Go to Open Data

Document options

Strategic Analysis on Virtual Assets

Did you find this page helpful?

1 March 2021

Strategic Analysis on Virtual Assets

The emergence of virtual currency is a technological innovation specific to the financial industry. While it has a potential to benefit in many ways, it can also create opportunities for criminals as an avenue to launder ill-gotten funds or finance terrorist activities.

Based on a review on a sample of Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) received from the relevant Reporting Entities ‘Virtual Asset Service Provider(s)’, this report identifies the most common techniques used by criminals to launder funds or perpetrate illicit activities through Virtual Currencies.

Click here to view the full report.