Treasury Warns Crypto Industry of Money-Laundering Risks in ‘Mixers’ – WSJ

The cryptocurrency industry must follow the U.S. Treasury Department’s anti-money-laundering and sanctions regulations to prevent bad actors from abusing platforms known as “mixers” to launder illicit funds, a senior official said.

Mixers, which enable users to exchange cryptocurrencies with relative anonymity, can be a way for illicit actors to obfuscate the ownership and movement of funds while making it harder for law enforcement to have visibility into the transfers, Elizabeth Rosenberg, the Treasury assistant secretary for terrorist financing and financial crimes, said in a speech Friday.

Source: Treasury Warns Crypto Industry of Money-Laundering Risks in ‘Mixers’ – WSJ