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US FinCEN believes that incorrect use of encryption is a national priority
- FinCEN of the US Treasury Department updated their AML-CFT priorities.
- Cybercrime and abuse of virtual currency are now the top priorities in the United States.
- The Ministry of Finance pays special attention to network-driven financial crimes.
The Financial Crime Enforcement Network (FinCEN) has considered “cybercrime, including relevant cybersecurity and virtual currency considerations” as a national priority.
According to their updated National Priorities for Anti-Money Laundering and Combating the Financing of Terrorism (AML-CFT), the abuse of virtual currencies is now a priority. Last week, the U.S. Treasury Department further stated that
“The Ministry of Finance pays special attention to cyber financial crimes, ransomware attacks, and the misuse of virtual assets to exploit and undermine their innovative potential, including through money laundering…
This article was first published on coinquora.com
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