Swedish police label several illegal cryptocurrency trading platforms as professional money launderers

BlockBeats news, September 24, according to Cointelegraph, the Swedish Police and Financial Intelligence Unit (FIU) recently released a report classifying some cryptocurrency trading platforms as "professional money launderers (PML)" and identifying four typical money laundering patterns.

The report divides these illegal trading platforms into node trading providers, Hawala trading providers, asset trading providers and platform trading providers. Node trading providers are deeply integrated into the criminal network, and transactions are conducted in both directions; Hawala trading providers are connected to the underground banking system and have a wide influence in the Middle East; asset trading providers systematically use crypto assets and have large trading volumes; platform trading providers operate on public P2P platforms, mainly serving small-scale drug buyers and fraudsters.

The Swedish FIU emphasized that these illegal cryptocurrency service providers are emerging money laundering threats and are crucial to the expansion of organized crime. The authorities called for increased supervision of crypto trading platforms, while also recognizing the role of legal platforms in combating money laundering and urging them to pay close attention to suspicious trading patterns.