U.S. Treasury Warns DeFi Is Used by North Korea, Scammers to Launder Dirty Money

“Unequivocally, we can’t do this alone,” said Brian Nelson, Treasury’s undersecretary for terrorism and financial intelligence, in a Thursday webcast hosted by ACAMS, a extensive organization focused on preventing financial crime. “We call on the private sector to use the findings of the risk assessment to inform your own risk-mitigation master plans.”