Navigating the Intersection of Digital Assets and AML

Although the largest volume of money laundering takes place using fiat currency, most money laundering transactions are conducted using cryptocurrencies, said Peter D. Hardy, partner at Ballard Spahr, at a recent Practising Law Institute program. He and cryptocurrency experts from Chainalysis, Element Finance and Solidus Labs examined the rapidly evolving regulatory regime governing digital assets, including the current enforcement environment; sanctions and ransomware; applicability of anti-money laundering rules to banks and decentralized finance; and digital transaction tracing and investigative techniques. This article distills the speakers’ insights. See “Recent Regulatory and Market Developments Affecting Digital Asset Funds and Digital Securities” (Jul. 22, 2021).

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