AML Vulnerabilities in the Crypto Sector
AML SPOTLIGHT REPORT
The growth of virtual currencies, and a host of services that surround them, has undoubtedly brought significant benefits, but these developments have not gone unnoticed by bad actors.
Criminals and their enablers spotted the opportunity to exploit this newly emerging, and therefore lightly regulated, area of financial services very early on.
As a direct result, financial regulators are now taking a far greater interest in the crypto sector’s compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) legislation.
To ensure your business doesn’t fall foul of any new national and international legislation and regulatory requirements, this industry report will help you to identify any weaknesses in your existing compliance framework.
In this brand-new industry report, we examine:
- Where crypto businesses may be vulnerable to AML risk
- The current regulatory environment in the UK, EU, and US
- Screening for sanctions, ultimate beneficial owners (UBOs), and politically exposed persons (PEPs)
- How to ensure compliance with AML regulations
Download this valuable compliance analysis today.