SINGAPORE -- Singapore has labeled cryptocurrency-related activities as "higher risk" in a report issued Thursday by enforcement agencies, signaling its financial sector to more closely guard against money laundering as the city-state grapples with illicit capital flows.
Cryptocurrencies
Singapore flags crypto for 'higher risk' in money laundering
Enforcement agencies put financial sector on digital currency crimes alert
“Increased” numbers of suspicious transaction reports have been filed in Singapore involving digital tokens, according to a report from the Monetary Authority of Singapore. © Reuters
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