In the latest episode of Financial Crime Matters, Kieran Beer, editor in chief of ACAMS moneylaundering.com, talks with Zeke Faux, author of "Number Go Up," which covers the use of cryptocurrency, DeFi and NFTs for illicit purposes.
Decentralized finance, a subset of the cryptocurrency industry that has expanded dramatically over the past 18 months, still lacks basic anti-money laundering controls such as transaction monitoring and know-your-customer processes.