INTERPOL: ‘Digital Currencies Increasingly Used To Finance Criminal Activities[,] Including Terrorism’

Pushing a murky, MLM-style digital currency scheme or even a purported one? Involving family, friends and online contacts?

INTERPOL is warning that “digital currencies [are] increasingly used to finance criminal activities[,] including terrorism.”

The warning is included in an INTERPOL announcement dated Jan. 16 about a law-enforcement conference in Qatar on the topic of transnational crime and how digital currencies are being used to launder money.

“Digital currencies are not constrained by national regulations or borders, therefore cooperation in fighting against criminal uses of digital currencies must also transcend borders and integrate solutions from both law enforcement and the private sector,” said Tim Morris, INTERPOL’s executive director of Police Services.

About 400 participants from law enforcement and private industry from 60 counties attended the conference in Doha, INTERPOL said. The event concluded today.

INTERPOL, Europol and the Basel Institute on Governance, with the collaboration of the Qatar National Anti-Money Laundering and Terrorism Financing Committee, organized the conference, INTERPOL said.

Even Bitcoin can be exploited for criminal purposes, INTERPOL said.

Any number of murky cryptocurrencies are being marketed MLM-style online. BehindMLM.com has reported that one known as OneCoin is being investigated in multiple countries.and that even a kidnapping and ransom plot involving promoters has been reported.

Read the INTERPOL announcement titled “Digital currencies and money laundering focus of INTERPOL meeting.”