US Treasury report finds crypto use in illicit financial activity remains small but growing fraction of total flows

Assad Jafri

The U.S. Treasury Department said on Feb. 8 that its latest risk assessments show that virtual assets currently represent a small fraction of total money laundering flows compared to fiat currencies; however, they are becoming an increasing concern for regulatory and enforcement agencies. The regulator revealed the findings in its 2024 National Risk Assessments for […]

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US Treasury report finds crypto use in illicit financial activity remains small but growing fraction of total flows