The Australian Federal Police has set up a new cryptocurrency unit to target money laundering as more criminals seek to bypass the financial system and funnel money offshore.

The set up of the new cryptocurrency unit also comes shortly after an executive of a financial intelligence agency warned about the illicit use of crypto.

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For over 30 years, Marin Ivezic has been protecting financial services and critical infrastructure against cyber, financial crime, and regulatory risks. He previously held multiple interim CISO, CRO and technology leadership roles in Global 2000 companies. Since 2013 he has been advising institutions and regulators around the world on safe, secure and compliant adoption of crypto assets and other decentralized technologies.