US Treasury releases defi risk assessment

Lax adherence to AML/CFT requirements allows criminals to launder money


On April 6, the US Treasury released an assessment of how criminals leverage decentralised finance (defi) services, exploiting service providers’ failure to adhere to anti-money laundering and counter the financing of terrorism (AML/CFT) requirements.

“Our assessment finds that illicit actors, including criminals, scammers and North Korean cyber actors are using defi services in the process of laundering illicit funds,” said Brian E Nelson, under-secretary of the Treasury for terrorism and

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