Crypto tumblers, exchanges under microscope as DOJ launches new task force

A person wearing a costume Bitcoin

Crypto tumblers, exchanges under microscope as DOJ launches new task force

Under the pretext of holding corrupt actors accountable, the new task force will address crimes related to the criminal misuse of cryptocurrency.

The Biden administration has introduced a five-pillar strategy to counter corruption as a part of the core United States national security interest. The strategy involves establishing a new task force to address potential illicit activities on crypto exchanges and other services that can serve as avenues for money laundering.

With the motive to enhance enforcement of Anti-Money Laundering regulations, as well as criminal and civil laws, the Federal government plans to implement new tools for investigating and prosecuting money laundering offenses. Specifically for cryptocurrencies, “PILLAR THREE: Holding Corrupt Actors Accountable” highlights:

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