Over 90% of Actual Cryptocurrency related Transactions within a Financial Institution Might Not Even be Detected: Report

Current Financial Crimes Enforcement Network (FinCEN) regulations state that it’s the responsibility of all financial service providers to accurately and promptly identify and report any suspicious or potentially fraudulent activity. This activity may be related to how criminals or bad actors exploit convertible virtual currencies… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged ciphertrace, compliance, crypto-assets, digital assets, distributed ledger technology, dlt, fincen, fraudulent activities, fraudulent transactions, illicit activities, money laundering, research, terrorism financing, vasps, virtual asset service providers