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FinCEN Targets Crypto Mixers in Fight against Terrorist Financing

The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) has designated cryptocurrency mixers as a significant hub for money laundering activities. This action aims to increase scrutiny of crypto transactions due to the increasing use of digital assets in money laundering and terrorist financing. FinCEN raised a concern about cryptocurrency mixing, categorizing it as a "primary money laundering concern." This decision was influenced by recent events, including the Hamas attack... Read More

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Content Topics

Fincen

Targets

Crypto

Mixers

Fight

Against

Terrorist

Financing

Forex

Posted: Oct 20 2023, 17:56

Author Name: financemagnates

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