Thailand Vows to Crack Down on Narco Profits Stashed in Commodities and Crypto By Cointelegraph

Thailand Vows to Crack Down on Narco Profits Stashed in

Thailand Vows to Crack Down on Narco Profits Stashed in Commodities and Crypto

Thai authorities are ramping up their efforts to crack down on the country’s drug networks and the ruses they use to launder their multi-million dollar turnovers — including cryptocurrency.

AFP News reported on June 26 that the recent downfall of one meth syndicate — itself allegedly responsible for laundering tens of millions of dollars of narco profits via gold dealers, oil and the construction industry — has cast a spotlight on the “scale and sophistication” of such networks.

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