The US Treasury Department’s Office of Terrorism & Financial Intelligence (TFI) wants enhanced tools and authorities to combat illicit fund movements facilitated by crypto. TFI Under Secretary Brian Nelson presented this request in a prepared Feb. 14 statement to the House Financial Services Committee.
Nelson expressed deep concern regarding the use of virtual assets in illicit financial activities. According to him, the Treasury Department has developed an anti-money laundering framework to address terrorism financing while promoting responsible innovation.
Despite these efforts, Nelson argued that threat actors such as ransomware cybercriminals, scammers, and terrorist groups exploit vulnerabilities such as jurisdictional arbitrage and non-compliant financial institutions to profit from illicit activities using virtual assets.
To tackle these vulnerabilities, the Treasury is implementing new tools. These include efforts to reduce the anonymity associated with digital asset mixe
We współpracy z: https://cryptoslate.com/us-treasury-targets-crypto-mixers-with-new-tools-to-counter-illicit-crypto-activities/
