How Financial Institutions Can Detect and Mitigate Mixing Risks
On October 19th, U.S. Treasury's Financial Crimes Enforcement Network (“FinCEN”) proposed a rule that would require U.S. financial institutions, including cryptocurrency businesses, to monitor and report on transactions involving cryptocurrency mixing services.
In this whitepaper, you'll find details on:
- FinCEN's announcement
- An explanation of mixing services and transactions
- FinCEN's broadened definition of mixing transactions
- How financial institutions can comply with the proposed ruling