On September 9, 2016, Europol, INTERPOL, and the Basel Institute on Governance joined forces. The three institutions established a partnership centered around money laundering and digital currency. “There is a clear consensus that digital currencies pose a money laundering and terrorism financing threat,” the press release stated.
While Europol and INTERPOL are household names, the Basel Institute on Governance may not be. The Basel Institute on Governance is an independent organization that works to counter corruption and other financial crimes and to improve the quality of governance.
Part of the reason behind the partnership:
There is a clear consensus that digital currencies pose a money laundering and terrorism financing threat. A small number of cases have already shown Law Enforcement Agencies that money laundering and terrorism financing can easily take place inside virtual environments, offering high levels of anonymity and low levels of detection removing many of the risks associated with real-world money laundering and terrorism financing activities.
After the Paris attacks in November last year, European Union officials issued a “crackdown” on anonymous payments made online. Fingers were pointed at digital currencies like Bitcoin, even though there was no evidence to