Report Highlights Growing Role of Cryptocurrency in Human Trafficking Networks

New data suggests that digital assets are increasingly being utilized to facilitate human trafficking operations, complicating efforts to track illicit financial flows.

Summary

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Terms & Concepts
  • Cryptocurrency: A digital or virtual currency that uses cryptography for security and operates independently of a central bank.
  • Illicit Finance: Financial activities that support illegal acts, such as money laundering, terrorism financing, or human trafficking.