German FIU: Cryptocurrency accounts for record high share of suspicious activity in Germany

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MarsBit
06-11
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Mars Finance News: According to Bloomberg, the German Financial Intelligence Unit (FIU) in Cologne stated on Tuesday that digital assets reached a record proportion in suspicious activity reports (SARs) received from banks and financial service companies last year. Although the total number of suspicious activity reports decreased after the industry received guidance to continue submitting relevant reports, crypto-related notifications still increased by 8.2%, reaching 8,711. The FIU's annual report shows that most reports involved BTC, followed by ETH, XRP, USDT, and LTC. The agency noted that these tokens are often associated with transactions related to trading platforms, mixing services, or gambling.

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