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Leaked FinCEN Data Shows $2 Trillion Lost To Money Laundering

Leaked FinCEN data shows that that global banking is responsible for $2 trillion lost in dirty money or money laundering cases which only increases the need for public blockchains and DeFi as we are reading more in the latest blockchain news. Banks facilitated a minimum of $2 trillion of money laundering from 1999 to 2017 so it looks like the structure of finance is broken as the banks operate as the main beneficiary of money laundering as well as enforces of anti-money laundering programs according to the Leaked FinCEN data. Defi has the ability to fix these issues with accounting…

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