Organised crime groups move billions through crypto, global financial crime watchdog warns

FILE PHOTO: Representations of bitcoin and other cryptocurrencies on a screen showing binary codes are seen through a magnifying glass in this illustration picture created on September 27, 2021. REUTERS/Florence Lo/Illustration/File Photo

PARIS, ⁠July 16 (Reuters) - Criminals are taking advantage of ⁠gaps in regulation to move billions in ‌illicit proceeds through the crypto industry, the Financial Action Task Force said on Thursday, in its latest review ​into the role of virtual assets ⁠and illicit finance.

The ⁠report by Paris-based FATF, an intergovernmental anti-money laundering ⁠group, said: