cryptocurrencies

Overview of Switzerland’s regulatory mechanism to combat money laundering related to cryptocurrencies

Globally, the cryptocurrency industry is subject to illicit activities, notably money laundering — read about the underlying reasons in our previous article Combating money laundering related to cryptocurrencies. In 2018, the National Risk Assessment (NRA) regarding Risk of money laundering and terrorist financing posed by crypto assets and crowdfunding concluded that this global risk is also considerable for …

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Money laundering risks related to cryptocurrencies

The cryptocurrency industry has emerged largely in an unregulated space, making it subject to illicit activities, notably money laundering. Money laundering activities related to cryptocurrencies range from laundering digital proceeds to converting large sums of cash into virtual assets. There are various reasons for the use of cryptocurrencies in money laundering activities. The decentralised nature …

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