Despite Changing Priorities, DOJ’s Money Laundering, Narcotics, and Forfeiture Section Enforces AML Requirements Against Cryptocurrency Marketplace

Guilty pleas by a now defunct crypto exchange and its co-founder and former chief technology officer (CTO), along with the recent arrest of its other co-founder and former chief executive officer (CEO) in the Eastern District of California, send a strong reminder to the digital assets industry that it cannot grow lax in establishing, implementing, and maintaining robust anti-money laundering (AML) compliance programs. This case also illustrates that, consistent with the Criminal Division’s May... By: Troutman Pepper Locke