GLOBAL CRYPTO-CURRENCY REGULATION NEEDED, SAY EXPERTS, AS AML/CFT CRYPTO-FINTECH GROWS IN SOPHISTICATION
March 1st, 2021
An international model of rules for monitoring and control cryptocurrency operators and crypto-exchanges’ compliance with anti-money laundering and counter financing of terrorism (AML/CFT) regulations worldwide, is needed, some AML/CFT specialists are arguing. Nina Kerkez, market planning director at LexisNexis Risk Solutions, said regulatory frameworks are currently being developed “at an alarming rate” in a wide range of jurisdictions, with significant divergences apparent in, for example, KYC/CDD requirements and when to file suspicious activity reports ...
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