Germany sees an 8% increase in crypto-related anti-money laundering activities in 2024

According to the annual report from Germany's Financial Intelligence Unit (FIU), anti-money laundering reports involving cryptocurrencies in Germany increased by 8.2% in 2024. The total number of crypto-related reports rose from 8,049 in 2023 to 8,711, accounting for 3.3% of all suspicious activity reports (SARs) submitted to the FIU, the agency responsible for combating money laundering in Germany—a record high. This total represents a 23.6% increase since 2020, with Bitcoin dominating the vast majority of last year's reports, followed by Ethereum, XRP, Tether, and Litecoin.