A top Treasury Department official warned Monday that the department is serious about cracking down on digital currency businesses that don’t comply with trade sanctions, anti-money laundering and bank secrecy laws.

Sigal Mandelker, U.S. Department of the Treasury undersecretary for terrorism and financial intelligence, said “bad actors are trying to leverage virtual currencies to make an end-run around our laws and regulations.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]