Does AML Even Work?



This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Today on “Long Reads Sunday,” NLW reads and discusses David Z. Morris’ “The Perverse Impacts of the Anti-Money-Laundering System.”

Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-time auditing and recently increased $775 million insurance on custodial assets. Learn more at nexo.io.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Abu Hanifah/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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Crypto Regulations INCOMING! Here's What They Could Look Like



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📺Essential Videos📺

All About The FATF 👉 https://youtu.be/cZyTDJPnp14
FATF Crypto Recommendations 👉 https://youtu.be/nFSOfkalDK4
BIS DeFi Regulation 👉 https://youtu.be/CIRsEOBYxbA
Europe Energy Crisis 👉 https://youtu.be/Mz5fgoUrJf4
Blockchain Analytics Companies 👉 https://youtu.be/KR5_6uVBRDU
Cryptocurrency Decentralization 👉 https://youtu.be/9ybYhv_VFaE
NFTs And Money Laundering 👉 https://youtu.be/38onfdSQ80E
Thorchain Explained 👉 https://youtu.be/c1ItR8od3eY
Fiat Currency Ponzi 👉 https://youtu.be/L_f6R0DHNH0

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⛓️ 🔗 Useful Links 🔗 ⛓️

► FATF Full Report: https://www.fatf-gafi.org/publications/fatfrecommendations/documents/targeted-update-virtual-assets-vasps.html
► Travel Rule Explained: https://www.coindesk.com/learn/whats-the-crypto-travel-rule-and-what-does-it-mean-for-you/
► FATF Money Laundering FAQ: https://www.fatf-gafi.org/faq/moneylaundering/
► United Nations Money Laundering: https://www.unodc.org/unodc/en/money-laundering/overview.html
► Anti Money Laundering Effectiveness Study: https://www.emerald.com/insight/content/doi/10.1108/JFRC-03-2018-0042/full/html
► CoinDesk Slams FATF: https://www.coindesk.com/layer2/2022/03/31/crypto-should-disrupt-current-anti-money-laundering-practices-not-adopt-them/

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– TIMESTAMPS –
0:00 Intro
1:41 What Is The FATF?
5:50 Summary, Key Findings, Next Steps
8:57 Implementation of FATF Recommendations
11:40 Travel Rule
15:51 Crypto Developments And Risks
18:46 What Does It Mean For Crypto?
20:19 Why The FATF Is A Scam
24:20 Outro

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#FATF #Crypto #Bitcoin #BTC #regulations

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