As cryptocurrencies reshape global finance, strong Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) guidance is critical.
The new explainer by Visiting Fellow Yaya Jata Fanusie and Research Assistant Kelly Grace Richardson illustrates how enforcing AML and CFT regulations helps strengthen financial oversight in the crypto industry through Know Your Customer, transaction monitoring, and sanctions compliance.
However, regulation alone isn’t enough. Jurisdictional inconsistencies and the constantly evolving tactics of illicit actors present ongoing challenges. This paper explores why continuous adaptation and international collaboration are key for effective enforcement.