SumoPower
Wed Aug 28 2024
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7 answers
1998
Is cryptocurrency a threat to AML professionals?
Could you elaborate on the potential threats that cryptocurrency poses to Anti-Money Laundering (AML) professionals? How do the unique features of cryptocurrencies, such as anonymity and decentralized nature, complicate AML efforts? What specific challenges do AML professionals face when monitoring and investigating cryptocurrency transactions? Additionally, how are regulatory bodies and financial institutions adapting to these challenges to ensure compliance with AML regulations?
