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NCA warns family offices about crypto money laundering risk

News Team, 14/06/2021

The UK's National Crime Agency (NCA) has issued a warning to family offices about cryptoassets.

In its 2021 national assessment of serious and organised crime, the NCA warned that the use of cryptoassets to launder money across several crime types has increased.

The agency estimates £12 billion criminal cash is generated in the UK each year.

It warned that as criminals become more sophisticated professional enablers will be used to conceal and move crimi...


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