Financial Crime Financial Crime

Cryptocurrencies used for lawbreaking, AML violations, SEC chair says

By Richard Vanderford
  • 03 Aug 2021 17:01
  • 03 Aug 2021 17:01
Cryptocurrencies are in a "wild west" phase that allows bad actors to skirt US anti-money laundering laws and sanctions, Securities and Exchange Commission Chair Gary Gensler said.
The digital assets are "rife with fraud, scams, and abuse," Gensler said today in a speech to an audience of national security experts.*

"We

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

Latest News