October 25 2017
A new report from the U.S. Drug Enforcement Administration (DEA) claims that bitcoin is being used to facilitate trade-based money laundering (TBML) schemes.
Published by the Department of Justice, the report offers a broad overview of the U.S. government’s efforts to police the illicit drug trade. Included in the study, however, is a segment on cryptocurrencies, which notably states that criminals who launder funds through trading operations are using bitcoin, particularly firms based in China.
