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Report indicates banks launder more money than Bitcoin and other cryptos Report indicates banks launder more money than Bitcoin and other cryptos

Report indicates banks launder more money than Bitcoin and other cryptos

A new report out of Mexico noted that financial institutions and banks launder a huge amount of money compared to newer financial businesses, according to El Economista.

Report indicates banks launder more money than Bitcoin and other cryptos

Photo by Dmitry Demidko on Unsplash

A new report out of Mexico noted that financial institutions and banks launder a huge amount of money compared to newer financial businesses, according to El Economista.

Banks the biggest money launderers In its second National Risk Assessment, Mexicoโ€™s Financial Intelligence Unit concluded that the money laundering activities originating from banks and other financial institutions greatly outweighed any similar issues encountered by and reported by other fintech businesses like โ€œneoโ€ banks.

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