Criminal use of cryptocurrency expected to grow, Canada’s financial intel agency says ...Middle East

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OTTAWA — Canada’s financial intelligence agency says it expects to see criminals increase their use of cryptocurrency to raise, move and hide funds outside the traditional banking system. OTTAWA — Canada’s financial intelligence agency says it expects to see criminals increase their use of cryptocurrency to raise, move and hide funds outside the traditional banking system. In its newly released annual report, the Financial Transactions and Reports Analysis Centre of Canada notes it has been developing strategic intelligence on the role virtual assets play in money laundering and terrorist financing. The agency, known as Fintrac, says the most prevalent form of money laundering involving vi

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