Anti-Financial Crime & Financial Crime Compliance
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Crypto, Financial Services, US

NEWS: Crypto enables cybercrime and fraud; U.S. regulator demands end to anonymity

US charges KuCoin crypto exchange with AML failures

By Huw Jones

Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed.

Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission, said cryptocurrencies were being used to finance cybercrime whose victims include individuals, companies, hospitals and critical infrastructure.

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