Crypto-asset trading business: links to Money Laundering and Terrorist Financing?
The crypto-asset trading business facilitates increasing illicit money flows, inter alia, for terrorist financing purposes. Decentralised exchanges allow users with unhosted wallets to exchange crypto-assets without a centralised party, which would normally conduct Know Your Customer (KYC), Client Due Diligence (CDD) and AML/CTF checks, and thus pave the way for layering crime proceeds on the […]
