Banks urged to increase money laundering scrutiny of digital currency use
Charges of money laundering against Liberty Reserve is warning to banks
Banks should tighten their anti-money laundering (AML) controls following the charges of money laundering this week against digital currency company Liberty Reserve, industry experts are warning.
The Costa Rican-based company is believed to have laundered more than $6 billion in criminal proceeds, according to the US Attorney's Office for the Southern District of New York, which described the firm
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