INSIGHT: FinCEN has warned banks of crypto ATM scams – here’s what lenders must do now
By SARAH BETH FELIX, Special Correspondent
FINCEN, the AML unit of the US Treasury, has issued a notice specifically for the crypto ATM space.
This covers fiat to crypto, as well as crypto to crypto kiosks.
I’m glad to see notices being generated at this pace from FinCEN. However, I think some additional operational steps are needed for financial institutions seeking to comply:
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