According to Matthew Allen, deputy director of internal operations for the United States Immigration and Customs Police (ICE), criminals are particularly vulnerable when converting cryptocurrencies into fiat money.
In particular, he spoke this way during a speech in the Senate, describing the use of cryptocurrency by drug traffickers and the success of the unit in tracking transactions of digital assets of criminals in money laundering.
“On darknet markets and other non-indexable sites, purchases are often paid for using cryptocurrencies, like bitcoin and monero,” said Allen.
Typically, cryptocurrency exchanges and p2p platforms, as well as ICO projects, can be used to launder funds, the policeman added.
According to Diar experts, $ 5.7 million was spent on the analytics of transactions in cryptocurrency in the United States, of which $ 1.5 million was paid to ICE analytical companies.
