Crypto Laundering: AML Regs Tighten

Anti-money laundering managers at banks and other financial institutions need to adapt their customer onboarding and transaction-monitoring approaches to cryptocurrency investors or risk regulatory fines, warn AML experts.

Cryptocurrencies, such as Bitcoin and Ethereum, already are involved in nearly ten percent of the total US$2 trillion of  dirty money that is washed annually. That percentage is expected to grow based on the allure of cryptocurrency as a low-cost secure payment solution.

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