How The DOJ Is Building Its Crypto AML Playbook

3 years ago justice

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By Kraig Ahalt (March 14, 2022, 5:21 PM EDT) — In relation to crime involving cryptocurrency, the U.S. Division of Justice continues to concentrate on cash laundering.

Following final 12 months’s announcement of a Nationwide Cryptocurrency Enforcement Crew and repeated statements about prioritizing cybercrime, the DOJ is prone to enhance prosecutions associated to the laundering of illicitly obtained cryptocurrency, no less than for the foreseeable future.

Towards that finish, the DOJ is leveraging the compliance capabilities of cryptocurrency exchanges and blockchain information analytics software program to create a playbook for tracing digital currencies and prosecuting instances within the occasion of wrongdoing.

Latest actions bear this out, together with the DOJ’s announcement of the arrest…

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