The U.S. Treasury Department, in its freshly published National Risk Assessments, has identified an increased risk from Russia and North Korea, with Russia attempting to acquire goods with military applications. The reports also highlight that criminals and scammers are increasingly turning toward cryptocurrencies to launder money for illegal activities such as fraud, drug trafficking, human smuggling, and corruption, although the use of crypto in money laundering is 'far below' that of cash. The findings will help inform Treasury policies in 2024. Following these revelations, Chairman Patrick McHenry of the House Financial Services Committee announced a full committee hearing to oversee FinCEN and TFI.
US Treasury Cites Rising Cryptocurrency Misuse in 2024 National Risk Assessments #ustreasury #cryptocrime https://t.co/ura13rVb1p
📣 Latest News: Crypto use in money laundering ‘far below' cash, says US Treasury #news #cryptonews #crypto #regulations
Three National Risk Assessment Reports from the U.S. Department of the Treasury noted that criminals, scammers, and illegal actors are increasingly turning to virtual funds to launder money for fraud, drug trafficking, human smuggling, and corruption. But the report also…
ICYMI: US Treasury says criminals and scammers are increasingly turning toward crypto https://t.co/KFs5US7Gk8
#NEW: Chairman @PatrickMcHenry announces a full committee hearing to conduct oversight of @USTreasury's Financial Crimes Enforcement Network (FinCEN) and Office of Terrorism and Financial Intelligence (TFI). Read more 🔗 https://t.co/pGgfpKAqn7
US Treasury says criminals and scammers are increasingly turning toward crypto https://t.co/sStjK1xaXb
This morning, @USTreasury published their Risk Assessments for Money Laundering, Terrorist Financing, and Proliferation Financing. Each Assessment has section on virtual assets that I will dive deeper into throughout the day. These Assessments will help inform Treasury’s 2024…
⚠️ US FACES HEIGHTENED RISK FROM RUSSIA, NORTH KOREA, TREASURY FINANCING REPORT FINDS (Reuters) The United States faces heightened risk from Russia, which is trying to acquire goods with military applications, the U.S. Treasury Department said in fresh National Risk…
⚠️ US FACES HEIGHTENED RISK FROM RUSSIA, NORTH KOREA, TREASURY FINANCING REPORT FINDS (Reuters) The United States faces heightened risk from Russia, which is trying to acquire goods with military applications, the U.S. Treasury Department said in fresh National Risk Assessments…