Japan’s Police: Crypto Transactions Involving Money Laundering Increse 4.3% in 2018

[ChainDD report] July 30 (ChainDD) in 2018, the number of money laundering cases cracked down by the police reached a record of 511, increasing 40% from 2017, according to a 2019 Police White Paper released by the Japanese National Police Agency, cited by Nikkei News.

In 2018, financial institutions in Japan reported 417, 465 transactions suspected to money laundering, hitting the record high and up 4.3% from 2017. Among them, there are 7096 transactions reported by crypto exchanges, ten times more than that of 2017. Since cryptocurrencies feature high anonymity of users and fast cross-border money-flowing, the police and other authorities acts with greater vigilance to possibilities of crypto misuse.


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