By AML Intelligence Correspondent CRYPTO and digital payments enterprises collectively paid a $5.8 billion in fines last year – outstripping for the first time penalties on traditional finance. The fines were, primarily for deficiencies in customer verification processes, anti-money laundering (AML) controls, and violations of sanctions and other financial crime regulations, said the Financial Times….
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
