The Thai authorities are stepping up efforts to combat the country’s drug networks and the tricks they use to wash their multi-million dollar business, including cryptocurrencies.
AFP News reported on June 26 that the latest case of a methamphetamine union – who is said to be responsible for laundering tens of millions of profits from drug trafficking by traders in the gold, oil and construction industries– has highlighted the “size and sophistication” of these networks.
Lieutenant General Wissanu Prasarttong-Osoth, assistant to the Thai chief of police, has recognized this “It is impossible to guess how much these drug networks are actually doing.”
Your earnings fuel a secondary drug-laundering industry about cryptocurrencies, luxury goods and overseas real estate.
Thai Justice Minister Somsak Thepsuthin said that The authorities identified “irregular” flows of $ 5.4 billion in bank accounts that they trust are close to $ 400 million in drug funds.
It is estimated that gentlemen of methamphetamines in Asia charge between $ 30,000 and $ 60,000 million annually
The Thai authorities, who are ready to burn seized drugs worth $ 1.7 billion todayafter he recently burned a lot of $ 800 million in Myanmar.
Despite a number of law enforcement successes The country is striving to improve its game and focus its efforts on drug-related assets that are laundered through the banking system, cryptocurrency accounts, and raw materials for the construction industry.
Throughout Asia the United Nations Office on Drugs and Crime He estimates that the gentlemen of methamphetamine charge an incredible $ 30 to $ 60 billion a year.
The methamphetamine itself is produced in a region called the “Golden Triangle”, which includes parts of northern Thailand, Laos, China and Myanmar. “Sam Gor”, a criminally dominated Chinese union, allegedly controls at least 40% of the region’s methamphetamine.
Thailand is reportedly working with the U.S. Drug Enforcement Agency learn from their experience in monitoring drug laundering by drug cartels in Latin America.
Fighting the benefits of drug trafficking “cannot stop drug seizure”said Jeremy Douglas from UNDOC.
Darknet’s bitcoin activity increased in 2020
A recent study by Crystal Blockchain Analytics found this Total Bitcoin (BTC) value transmitted in the darknet in US dollars rose 65% in the first quarter of 2020despite the decline in transactions over the same period in 2019.
Earlier this month, A British court ordered the seizure of nearly $ 2.3 million from a person running a multi-million dollar crypto-drug empire from his attic.
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