Knowledge Base - Technology

Essential Components of a Sanctions Compliance Program

Impact of Crypto on Sanctions: Use of crypto to evade sanctions and ways to prevent it

Introduction

Though the regulators accept that most of the activity related to crypto is licit, they are also worried about the increased use of crypto in facilitating illicit transactions. The use of cryptocurrency to dodge sanctions has been a major cause of concern for countries such as the U.S. and international governmental organizations like the United Nations (UN) and the World Bank.

Read More