Aml Rightsource

Several important items popped up this week. The Commodities Futures Trading Commission (CFTC) issued a civil complaint against Binance, the largest crypto exchange. The CFTC alleges that the company intentionally assisted its clients in evading US laws and regulations. Also, this week the White House hosted the second Summit for Democracy, focusing on reducing corruption and illicit finance. Treasury Secretary Janet Yellen announced a Commitment entered into by the participating countries centered on transparency of beneficial ownership information. John and Elliot discuss these items and how they impact the financial crimes compliance community.