Crypto Money Laundering & the Law

Combatting Crypto Money Laundering, a former treasury explains crypto money laundering and the regulations to combat it. Cryptocurrency and crypto assets are increasingly deployed to launder illicit funds for use in the legitimate financial system. Alex Zerden, a former Treasury Department official at The Financial Crimes Enforcement Network (FinCEN), discusses some of the high-profile instances of illicit uses of cryptocurrency and how digital assets are used for money laundering and other criminal activities. He goes on to share how regulators are fighting back and how even legitimate companies now are required to take proactive steps to limit their products and services from being used in furthering crypto laundering. Zerden explains the anti-money laundering (AML) regulatory framework, FinCEN guidance, and sanctions obligations that apply to the crypto industry and recent DOJ and FinCEN AML and counterterrorism enforcement efforts. ► http://www.talksonlaw.com for more legal explainers and interviews with the titans of law. ► https://www.talksonlaw.com/talks/combatting-crypto-money-laundering ____________________