NEWS: UK gang launches ‘meme coin’ crypto to launder dirty cash - AML Intelligence
A UK-based drug gang has launched its own cryptocurrency to launder criminal proceeds in what may be Britain’s first known case of its kind.
Organized criminals have long used established cryptocurrencies like Bitcoin to conceal the origins of illicit funds. But this new scheme goes “one step further,” said Gary Carroll of Claymore Advisory Group, a drug crime expert and former police officer.
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