US Treasury releases defi risk assessment

On April 6, the US Treasury released an assessment of how criminals leverage decentralised finance (defi) services, exploiting service providers’ failure to adhere to anti-money laundering and counter the financing of terrorism (AML/CFT) requirements.

“Our assessment finds that illicit actors, including criminals, scammers and North Korean cyber actors are using defi services in the process of laundering illicit funds,” said Brian E Nelson, under-secretary of the Treasury for terrorism and