Thailand Vows to Crack Down on Narco Profits Stashed in Commodities and Crypto
Cointelegraph
Published Jun 26, 2020 05:47AM ET
Updated Jun 26, 2020 07:20AM ET
Thai authorities are ramping up their efforts to crack down on the country’s drug networks and the ruses they use to launder their multi-million dollar turnovers — including cryptocurrency.
AFP News reported on June 26 that the recent downfall of one meth syndicate — itself allegedly responsible for laundering tens of millions of dollars of narco profits via gold dealers, oil and the construction industry — has cast a spotlight on the "scale and sophistication” of such networks.
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Written By: Cointelegraph
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