Dutch public prosecutors and the tax inspection organization are ramping up their fight towards bitcoin money laundering these 12 mois. According to investigate conducted by Dutch economic newspaper Het Financieel Dagblad, au moins 3 criminal instances concerning money laundering with bitcoin are scheduled for 2017. de plus, the FIOD the investigative arm of the Dutch tax authority desires to decrease the bar for prosecution of unlicensed bitcoin investors. The FIOD will attempt to have blending offerings recognized as money laundering operations.
Bitcoin’s relative anonymity and censorship resistance have made the virtual currency a popular method of trade on dark net markets like Alphabay and Silk Road. Interpol believes that more than 40% of on-line transactions for unlawful ends is performed with bitcoin.
Dark net marketplace traders commonly do exchange their earned bitcoins for fiat currencies. At the same time as buying and selling bitcoin for fiat is in and of itself not illegal, most exchanges follow strict anti-money laundering and know your client requirements. That is generally requested from the financial establishments and banks that they work with. Darknet traders frequently prefer to trade their bitcoins at what Het Financieel Dagblad refers to as bitcoin cashers, exchanges and sellers that don’t follow such regulations.
The FIOD is now trying to make prosecution of those bitcoin cashers less difficult. The tax authority desires the economic Intelligence Unit to apprehend illegal bitcoin exchange as a kind of money laundering. That would permit detectives to begin a research without first needing to prove affordable reason. A spokesperson for the FIOD informed the Het Financieel Dagblad that it expects such popularity to be granted later these 12 mois.
de plus, the Het Financieel Dagblad reviews that the FIOD desires to have bitcoin mixers identified as money laundering indicators as well, although it’s doubtful how far this law would reach. It’d follow to centralized mixers like bitmixer.io, which exchange bitcoins for different bitcoins to interrupt the path to any specific piece of currency. toutefois, trustless blending offerings, like the ones website hosting ValueShuffle or TumbleBit servers, may become a target, too.
At least six bitcoin cashers will appear before Dutch courts these 12 mois, divided over three different instances. The first of these are two people accused of drug dealing, money laundering and partaking in a criminal organization. Public prosecutors suspect those dealings concerned almost $2.6 million worth of proceeds from illegal activities. The second case issues 4 people suspected of running an illegal bitcoin exchange that assured anonymity to its customers. The third case is a part of a bigger worldwide research on money laundering.