The report shows that crypto crime is becoming increasingly industrialised, with organised cross-border networks coordinating roles such as recruitment, laundering, and mule account management to scale operations globally. It also emphasises the growing dominance of stablecoins in illicit transactions due to their speed, liquidity, and ease of cross-border movement. At the same time, sanctions evasion and state-linked actors are playing a more visible role in the ecosystem, adding geopolitical complexity to financial crime risks…