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New UK bill would increase law enforcement cryptocurrency powers
A new anti-money laundering bill introduced in the UK today is intended to make it easier for law enforcement to seize digital assets, as part of a broader crackdown on money laundering. "Domestic and international criminals have for years laundered the proceeds of their crime and corruption by abusing UK company structures, and are increasingly using cryptocurrencies," said National Crime Agency Director General Graeme Biggar in a release touting the bill. "These reforms – long awaited and much welcomed – will help us crack down on both." After its first reading of the new bill took place today in the House ... (full story)
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- Posted: Sep 22, 2022 3:55pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 171
