Asian financial authorities are struggling with new money laundering methods using Blockchain technology, making tracking cash flows extremely difficult.
"High-tech" Laundering Process
- Placement: Dirty money from scams is converted into stablecoins (USDT) through P2P trading accounts.
- Layering: Using "Mixer" services like Tornado Cash to sever links between sender and receiver. Or using Bridges to move money between different blockchains.
- Integration: Clean money is withdrawn from legitimate exchanges as investment profits.
Users need to be careful when trading P2P to avoid inadvertently aiding money laundering criminals, leading to bank account freezes.