Anti-Financial Crime & Financial Crime Compliance
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AML, Crypto

IRS and Foreign Tax Enforcement regulators warn of money laundering risk from NFTs

By Alisha Houlihan for AMLi

Global regulators warned of new money laundering and fraud risks associated with digital, nonfungible tokens (NFTs) on Thursday.

The United States Internal Revenue Service (IRS) and agencies from Australia, Canada, the Netherlands and the UK released a joint statement through the Joint Chiefs of Global Tax Enforcement (J5), outlining their concerns over NFTs and the potential link to financial crime.

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