Nicola
Fri Jul 19 2024
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7 answers
1534
Can AFP help curb crypto money laundering?
Could you elaborate on the potential role of Anti-Money Laundering (AML) frameworks, specifically the Anti-Financing of Terrorism and Proliferation (AFP) framework, in curbing cryptocurrency money laundering? With the rise of digital currencies, there's been increasing concern over their potential use for illicit activities. Given the anonymous and decentralized nature of cryptocurrencies, how effective are existing regulatory measures, like AFP, in tracing and preventing such laundering? Do you believe there are any gaps or limitations in these frameworks that need to be addressed? What steps could regulators and law enforcement agencies take to strengthen their efforts against crypto money laundering?
