Chainalysis: Traditional Money Launderers are starting to create 'massive Money Laundering infrastructure' using encryption networks.

Golden Finance reported that according to a report released by Chainalysis, traditional Money Launderers (criminals working outside of Cryptocurrency) may also be transferring their cash on-chain. Research director Kim Grauer said that traditional Money Launderers are starting to use encryption networks to create “large-scale Money Laundering infrastructure” to launder cash outside of Cryptocurrency. It is reported that these transfers do not originate from the encryption scams, thefts, and Ransomware attacks marked by Chainalysis on the blockchain (a transparent digital ledger of all encryption transactions). Instead, these transactions are more opaque and come from Wallets that are not considered illegal. However, they flow into exchanges following the strategies that may be marked by the TradFi Compliance department across blockchains. For example, they are divided into integer parts slightly below the threshold of Know Your Customer (KYC) reports, and then reassembled.