News

Most financial intelligence units in Europe recorded another numerical increase in suspicious transaction reports in 2022 despite the spectacular fall of reporting volumes in Finland, data reviewed by ACAMS moneylaundering.com indicates. After hundreds of thousands of reports filed by cryptocurrency exchanges and other virtual asset service providers, or VASPs, in Finland helped drive the aggregate total of STRs dramatically upwards for the whole of Europe from 2020 to 2021, reporting largely returned to normal in 2022. But normal is a relative term, and in this case signifies a continued, though steady rise in reports of potentially illicit transactions in 33...