US DOLLAR’S DOMINANCE BEING CHALLENGED BY CRYPTO – BUT WILL THIS WEAKEN AMERICAN SANCTIONS AND AML ENFORCEMENT?
June 1st, 2021
AMERICA has long been the global policeman of international sanctions, including breaches of AML rules, but evidence suggests that the US dollar’s use in international transactions could be weakening and is having to compete with the rising power of crypto currencies.
And this could lessen the power of the Department of Justice to convict financial institutions and other companies for failing to abide by American AML/CFT laws that are based on global standards, warned Saskia Rietbroek, executive director of the Association of Certified Sanctions Specialists ...
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