By Elizabeth Hearst for AMLi
The US Department of the Treasury has warned that non-fungible tokens (NFTs) present “potential money laundering challenges” in high-value art markets.
In the first three months of 2021, the market for NFTs generated a record $1.5BN in trading, growing 2627% over the previous quarter.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!