DOJ N. Korea Complaint Illustrates Virtual Currency Laundering Techniques, & US Government, Exchange Responses

North Korea Money Laundering Sanctions

The US Attorney’s Office for the District of Columbia’s recent civil forfeiture complaint against virtual currency allegedly stolen or laundered by North Korean actors illustrates money laundering techniques specific to virtual currencies. Just as significantly, the complaint demonstrates methods governments and financial institutions can use to prevent such schemes, or at least catch the perpetrators once the …

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Cryptocurrency Viewed Through the Three Stages of Money Laundering

bitcoin ethereum cryptocurrency anti-money laundering compliance

It’s not really necessary to rewrite the anti-money laundering manual for cryptocurrency, but a willingness to understand novels ways cryptocurrency can be used in the money laundering process will go a long way toward effective cryptocurrency AML practices. The same three stages used to describe the money laundering process involving cash (placement, layering and integration) …

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