Financial Intelligence Unit

In Europe, the focus has turned to cryptocurrency companies due to the discovery of the continent’s biggest-ever dirty-money ($220 billion) scandal in Estonia. Estonia has been clamping down on the companies towards the prevention of financial crime. This is due to allegations that billions of dollars of illegal cash flowed through the local unit of Denmark’s largest lender Danske Bank A/S. One of the steps taken by the government of Estonia is the withdrawal of permits from several cryptocurrency firms. The government focuses on firms that exchange…