October 11 2019
Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity.
The notice, from the U.S. Securities and Exchange Commission, Commodity Futures Trading Commission and the Financial Crimes Enforcement Network, seeks to clarify firms’ obligations under antimoney laundering, bank secrecy and counter terrorist-financing laws when using digital assets such as cryptocurrencies.
