Crypto’s Share of German Suspicious Activity Reports at Record

A top German anti-money laundering watchdog said digital assets accounted for a record share of the suspicious activity reports it received last year from banks and financial-services companies.

Notifications related to crypto rose 8.2% to 8,711 even as the overall number of SARs dropped following guidance to the industry on sticking to relevant reports, the Financial Intelligence Unit said on Tuesday in Cologne.