Welcome
Corporate Law News

Justice Eyes Crypto in Money Laundering Enforcement Push

Sept. 24, 2019, 9:35 PM

The Justice Department’s top money laundering enforcer is keeping a close watch on cryptocurrency providers and transactions as it grapples with challenges presented by the technology, an agency official said Sept. 24.

Virtual assets such as bitcoin have become a “very, very important” subject for the Money Laundering and Asset Recovery Section, according to its chief, Deborah Connor. The section leads the department’s efforts to prosecute money launderers —a task that continues to include cases tied to the illicit use of cryptocurrency.

Connor, during a financial crime conference in Las Vegas, highlighted the challenges her team faces when attempting to...

To read the full article log in. To learn more about a subscription click here.