Tether has become a key tool for criminals, money launderers, and scammers, according to a United Nations report. The United Nations Office on Drugs and Crime ( UNODC ) warned that Tether has become the platform of choice for money laundering and fraud operations in East and Southeast Asia . Tether 's stability, ease of use, anonymity, and low transaction fees have made it a preferred choice for fraudsters and money launderers.
Intelligence agencies in the region consider Tether to be among the most popular cryptocurrencies used by organized crime groups
Source: Financial Digest (financialdigest.net)
Tether Cryptocurrency Money Laundering Fraud United Nations UNODC Organized Crime East Asia Southeast Asia
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