Decentralized finance (DeFi) services are frequently used by North Korean actors and scammers for money laundering, according to a new report from the US Treasury Department.
In the DeFi-focused report published by the US Treasury Department on April 6, money laundering And anti-terrorist financing legislation (AML/CFT) compatibility with not showing DeFi services are the most important part of the crypto money industry. illegal finance risk created by revealed. Ministry, DeFi platforms North Korean actors And various criminal groups frequently by black money in laundering used stated.
In March of last year Joe Biden In the report prepared within the framework of the decree on digital assets signed by AML procedures possible on improvements And DeFi platforms of these legislations. use of a related to evaluation recommended, and from the private sector for the next steps. data requested.
The report describes the AML/CFT controls and customer recognition procedures of many DeFi platforms. not applied this is your income to be tagged with a pseudonym stated cause.
Some DeFi projects decentralization as one of the primary goals AML/CFT the absence of protocols positive somehow launch In the report, which mentioned that such institutions from compatibility in case of avoidance to the proceeds of crime more to be the subject free underlined that they have become
Undersecretary of the Treasury for terrorism and financial intelligence Brian Nelson In a statement on the subject, the institution is struggling with this situation alone. that you can’t platforms from the findings of the report. benefit from expressed the need.
Nelson is subject to compliance regulations. centrality related to not and some decentralized platforms are available with its applications Only nominally decentralized noted that.