Report shows that suspicious crypto transactions related to criminal money laundering in Japan reduced by 1,100 in 2019

According to JP.Cointelegraph, on March 5, the Japanese Police Agency announced its 2019 annual report on the transfer of proceeds from crime prevention. In the cryptocurrency business, reported suspicious transactions related to criminal proceeds and money laundering decreased year-on-year. In 2019, cryptocurrency reported 5,996 suspicious transactions, a decrease of 1,100 compared to 2018. The total number of suspicious transactions reported reached 440,492, of which 369,973 reports from deposit institutions such as banks accounted for approximately 80% of the total, and cryptocurrency operator reports accounted for 1.4% of the total.