• CipherTrace Bankers worried AML
    Cryptocurrencies,  Regulation

    CipherTrace: Bankers worried by inability to detect crypto payments

    With growing legal and regulatory attention on anti-money-laundering laws, the blockchain intelligence firm found 80% of bankers fear sanction violations

    The IRS, FBI and other U.S. law enforcement agencies may be trumpeting their success in breaking up everything from child porn rings to al-Qaeda funders, but bankers are not so confident in their ability to even detect crypto-related transactions.