Bitcoin laundering

Luxembourg has published its money laundering/terrorist financing (ML/TF) vertical risk assessment on virtual asset service providers (VASPs).

The paper highlights that 4-8% of Luxembourg residents own virtual assets and that in 2019 the Cellule de Renseignement Financier (CRF) received more than 1,600 suspicious transaction reports linked to virtual assets or VASPs on a voluntary basis from different entities. Furthermore, the assessment focuses on VASPs and their overall exposure to ML/TF threats.

Download the document