
KEY POINTS
- The use of obfuscation tools has made it difficult for law enforcement to trace illicit funds
- There have been cases of virtual asset mixing being linked to stolen funds and ransomware strains
- Quick transactions on chain hopping also pose a challenge to investigators
The U.S. Treasury Department on Wednesday released its 2024 National Money Laundering Risk Assessment report that highlighted the threats that the country faces in illicit finance, including concealment methods on virtual asset transactions.