WHAT ARE COIN MIXERS AND HOW ARE THEY USED FOR MONEY LAUNDERING

On 24 June, the International Business Times published an article saying that coin mixers or crypto mixers or cryptocurrency tumblers is a service that allows users to ‘mix’ their cryptocurrencies with cryptocurrencies from various addresses, making them untraceable.  These mixers have often been criticised for their use in multiple money laundering cases.

https://www.ibtimes.com/what-are-coin-mixers-how-are-they-used-money-laundering-3550560

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https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017