Media-Insert Communications

Media-Insert Communications

The blog of Media-Insert Communications – featuring freelance P.R. and journalism links to the work of Graham A. Jarvis.

Editing, Journalism, Copywriting, and Public Relations

With the recent explosion in cryptocurrencies, from the early beginnings of Bitcoin back in 2009 through to J.P. Morgan testing their own digital coins for institutional clients in 2019, there still remains serious unanswered questions about the money laundering risks they bring to banks, consumers and regulators.

Ciphertrace’s ‘Q2 2019 Cryptocurrency Anti-Money Laundering Report’ make some stark revelations. It claims that theft, scams and other forms of misappropriation of funds “from cryptocurrency users and exchanges netted criminals and fraudsters approximately $4.26 billion in aggregate.” With the emergent growth of any financial services industry there often comes the risk of both data security breaches and more serious crime. Despite their robust security claims, cryptocurrencies and blockchain aren’t immune as there will also be miscreants who will want to abuse the system. 

Address the anti-money laundering risks of crypto-currencies.

Published by Arachnys on 22nd October 2020. Author: Graham Jarvis. 

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