British criminal gangs are reported to be turning to gold to launder money because it is more difficult to track, but evidence is still limited

Odaily Planet Daily News: Organized criminal gangs in the UK are increasingly laundering money by purchasing gold coins, bars or grains to circumvent the on-chain traceability of cryptocurrencies. Some cases show that drug dealers convert tens of thousands of dollars of proceeds into gold to hide. However, compliance agencies such as TRM Labs point out that there is currently a lack of conclusive data showing that gold money laundering is becoming a trend, and the relevant evidence is mostly scattered cases. In contrast, despite the fast flow of crypto assets and the convenience of cross-border transactions, their on-chain behavior is still easier to track. (Decrypt)