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Why is Cash Still King? – Europol

Categories : Cash is trust
April 7, 2016
Tags : Currency, Usage
The Europol report "Why is Cash Still King?" offers recommendations and practical solutions to investigators for the fight against organized crime.

Europol published a study exploring the use of cash by Organized Crime Groups. Although the use of virtual currencies for criminal purposes is rising, this report has found that “in spite of the changing face of criminality,[…], money laundering schemes detected by law enforcement are still largely characterized by traditional techniques, in particular the use of cash”. This study proposes a set of recommendations meant to support investigators in their fight against organized crime and provide practical solutions in the prevention of the use of cash by criminals.