Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your AML Update Service.
text for AML Update Service:
AML Update: Cryptocurrencies and Other New Technologies (update)
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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