Text for AML Update Service
AML Update: Cryptocurrencies and Other New Technologies (update)
Purchase this policy: Anti-Money Laundering Policy
- Change date
- 24/07/2025
- Word count
- 470
- Deployment measure
- 9/10
Rationale
An update that deals with the advancement and proliferation of new technologies have introduced innovative avenues for money laundering and terrorist financing as highlighted in the latest National Risk Assessment of Money Laundering and Terrorist Finance
This firm considers its AML approach to transactions funded by crypto-assets to be similar to that of cash purchases. Enhanced due diligence must be completed due to the high-risk nature
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