Money Laundering Worries in Lithuania caused by the Roaring Cryptocurrency Market

2018-6-26 09:18

Now, this intense interest in the country’s virtual currencies space is stoking fears of money laundering from the Russian criminal underground.
Pushback Against Illegal Money from Russia
According to a report on Politico, Marius Jurgilas – a board member of the Bank of Lithuania –  discussed concerns that the Baltic state has with money pouring into its economy from Russia.
Funds realized from criminal activities are often difficult to channel into formal financial systems due to strict Anti Money Laundering regulations held up by formal financial institutions.
Do you think that regulations are able to prevent money laundering through cryptocurrencies?
Image courtesy of Pixabay, Bank of Lithuania
The post Lithuania’s Strong Cryptocurrency Market Raises Money Laundering Concerns appeared first on Bitcoinist.com.

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Источник: bitcoints.com

money laundering → Результатов: 23


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