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New U.K. bill looks to clamp down on crypto-facilitated money laundering

From kitco.com

A new anti-money laundering bill has been introduced in the U.K. that looks to make it easier for law enforcement to seize digital assets as part of a large push to clamp down on money laundering in the country. The new legislation, entitled "Economic Crime and Corporate Transparency Bill," will reportedly require anyone who registers a company in the U.K. to verify their identity as a way to tackle the issue of companies being used as fronts for crime or foreign kleptocrats. "Domestic and international criminals have for years laundered the proceeds of their crime and corruption by abusing U.K. company ... (full story)

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  • Category: Fundamental Analysis