Japanese Police Agency: The number of virtual currency transactions suspected of money laundering last year increased by 4.3% compared to 2017

Today, the Japanese Police Agency issued the "2019 Police White Paper", which mentioned that the Japanese national police arrested 511 money-laundering incidents in 2018, an increase of 40% over the 17 years (361 cases), setting a record high. In 2018, the number of transactions that the national financial institutions reported to the state for alleged money laundering reached 418,475 (an increase of 4.3% over 17 years), the largest in history. Among them, the encrypted assets (virtual currency) exchanges reported 7,096, and tried more than 10 times in 17 years. Because virtual currency is characterized by high anonymity of users and rapid capital flow that can transcend national borders, the police and other departments have become more vigilant about the possibility of misuse of money.