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New Book Tracks Evolution of Money Laundering Through Cryptocurrency

By Koos Couvée

Regulating decentralized finance and the "metaverse" for anti-money laundering purposes poses a major challenge for policymakers focused on virtual assets, the author of new book tracing the history of cryptocurrency-enabled crime told ACAMS moneylaundering.com. In "The Crypto Launderers," David Carlisle, policy director at Elliptic, a consultancy in London, chronicles the movement and laundering of funds via cryptocurrency, from Silk Road and Ross Ulbricht, to mixing services and state-sponsored hacks of exchanges, and ending with the growing deployment of stablecoins in many of today's schemes. Carlisle, previously a policy adviser at the U.S. Treasury's Office of Terrorist Financing and Financial Crimes,...

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