Crypto OTC Desks Tool for Tax Evaders and Money Launderers: J5

In brief

• The Joint Chiefs of Global Tax Enforcement said hundreds of billions of dollars in suspicious activity have been tied to crypto OTC desks in a new advisory.
• OTC desks have daily turnovers of around $1.44 billion, according to the J5.
• Money passing through payment processors and OTC desks isn’t as easy for regulators to monitor in real-time.