Risk of Cryptoassets—A Financial Crime, Money Laundering, and Terrorist Financing Perspective

Summary

This practice note examines the risks of cryptoassets from a financial crime, money laundering, and terrorist financing perspective. It considers the use of cryptoassets to facilitate money laundering and other terrorist activity and the methods employed by regulators in response to these perceived threats. The practice note will explore recent criminal cases involving cryptoassets and in particular Bitcoin.