On August 4, 2025, FinCEN issued Notice FIN-2025-NTC1 to alert financial institutions to the escalating misuse of convertible virtual currency (CVC) kiosks, commonly referred to as crypto ATMs, for illicit purposes. These kiosks, often located in convenience stores,...
Research & insights
Digital Currency
Aug 6, 2024 Digital Currency, Due Diligence, Sanctions
Virtual currencies are increasingly significant in the global economy, bringing greater exposure to sanctions risks, such as involvement by sanctioned individuals or entities in transactions. The virtual currency industry—including technology companies, exchangers,...