Bitcoin & Money Laundering In a report released by the UK Treasury, Bitcoin has the least risk of all the digital and analog payment methods as far as money laundering is concerned. The report (policy paper) which was authored by HM Treasury and Home Office (October 2015) is the UK national risk assessment of money laundering […]
FAFT recently issued guidelines for virtual currencies (aka Bitcoins). Titled, Guidance For A Risk-Based Approach: Virtual Currencies, the report was released in June 2015. The report in full can be downloaded from here.
Here is a great table by PDNB showing the various levels of Risk (Low, Moderate & High), versus the different types of risk: