AML Compliance Blog | Insights & Regulatory Updates
Expert insights on AML compliance, regulatory updates, and financial crime prevention
Stablecoins and Money Laundering: What Compliance Teams Need to Know
Stablecoins have become one of the most significant developments in cryptocurrency — and one of the most challenging for anti-money laundering compliance. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins are designed to maintain a fixed value, typically pegged to a fiat currency like the US dollar. This price stability makes them ideal for legitimate commerce — but also makes them attractive vehicles for money laundering.
Southeast Asia has become a target for transnational criminal organizations seeking to exploit the region’s growing digital economy for stablecoin-related money laundering. A January 2024 UNODC report highlighted how criminal networks — often with links to organized crime groups outside the region — have used USDT on the Tron blockchain to move illicit funds across borders.
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Stablecoins and Money Laundering: What Compliance Teams Need to Know
Stablecoins have become one of the most significant developments in cryptocurrency — and one of the most challenging for anti-money laundering compliance. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins are designed to maintain a fixed value, typically pegged to a fiat currency like the US dollar. This price stability makes them ideal for legitimate commerce — but also makes them attractive vehicles for money laundering.
Southeast Asia has become a target for transnational criminal organizations seeking to exploit the region’s growing digital economy for stablecoin-related money laundering. A January 2024 UNODC report highlighted how criminal networks — often with links to organized crime groups outside the region — have used USDT on the Tron blockchain to move illicit funds across borders.
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Article 4 of Cambodia's AML Law: Who Qualifies as a Reporting Entity?
Cambodia’s Law on Anti-Money Laundering and Combating the Financing of Terrorism establishes a broad regulatory framework that extends well beyond traditional banking. Article 4 of the present Law defines the full scope of institutions and professions that are classified as “reporting entities” — organizations legally obligated to implement anti-money laundering controls, conduct customer due diligence, and file suspicious transaction reports with the Cambodia Financial Intelligence Unit (CAFIU).
Understanding exactly who falls under Article 4 is the first step toward compliance. Many businesses operating in Cambodia may not realize they are subject to these obligations.
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