Legal News

Cryptocurrency brings rising international risks

Cryptocurrency brings rising international risks
Published on: 14 May 2018
Published by: Law360
  • Cryptocurrency brings rising international risks
  • Digital currencies and money laundering
  • Anti-corruption and state-sponsored ICOs
  • A view from OFAC on digital currencies and potential sanctions violations
  • Conclusion

Article summary

Law360, Expert Analysis: As digital currencies continue to evolve on the international platform, the anonymous and decentralized nature of the cryptocurrency transactions could present a number of potential violations of US anti-corruption, sanctions and anti-money laundering laws. Ryan Rohlfsen, Brendan Hanifin, Patrick Reinikainen and Ethan Thomas at Ropes & Gray consider how regulators may address the international risks associated with digital currency transactions that often span international borders and explain why companies are well-advised to develop, implement and maintain thorough compliance policies and procedures that take into account the potential for such abuses. or take a trial to read the full analysis.

Popular documents