Risk of Cryptoassets: A Financial Crime, Money Laundering, and Terrorist Financing Perspective

Cryptoasset transactions are highly susceptible to facilitate money laundering and other terrorist activity. Considering the high risk of money laundering from cryptoassets, regulators are employing various methods to combat threats and hold bad actors accountable. Explore this cross border practice note which explores recent criminal cases involving cryptoassets and, in particular, Bitcoin.

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  Access this practice note for an overview of the laws and regulations designed to deter terrorist financing and criminal organization activities. The practice note explores high risk activity, such as cryptoassets, and the requirements that U.S. financial institutions must comply with to deter money-laundering and terrorist financing.

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  Explore key Canadian securities regulations for major cryptocurrency exchanges. The practice note also discusses Binance’s, the world's largest cryptocurrency exchange, withdrawal of all operations from the Canadian marketplace.

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  View the key risks to consumers transacting in cryptoassets and gain an understanding of the cross-border protections in place to supervise the use of this virtual currency.

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