European Union Agency for Law Enforcement Cooperation: Real estate, luxury goods and cash-intensive businesses are prime money laundering tools for major European Union criminal networks

Data from the European Union Agency for Law Enforcement Cooperation (Europol) shows that real estate, luxury goods, and cash-intensive businesses are the main money laundering tools of major criminal networks in the European Union, with cryptocurrencies accounting for only a small percentage. Reports from Nasdaq and the US Treasury show that there is a huge gap in the amount of illicit money in traditional industries and the digital asset sector, with the latter accounting for only a small fraction of the total.