Human Trafficking
Crypto Analytics Firm Elliptic to Tell US Congress Privacy Coins Need Stricter AML Rules
Elliptic head of policy Liat Shetret will recommend that the U.S. push for greater enforcement of anti-money laundering regulation of crypto exchanges, including for traders using privacy coins, in a Congressional hearing on human trafficking.
The blockchain security firm has partnered with the Anti-Human Trafficking Intelligence Initiative (ATII) to fight human trafficking.
US Senators Float Bill Requiring Congressional Watchdog to Study Crypto’s Role in Trafficking
Top members of the Senate Banking Committee plan to introduce legislation that would direct the congressional watchdog to study virtual currency’s role in drug and human trafficking.
A former U.S. Treasury official urged Congress to regulate cryptocurrency miners in order to fight human trafficking.
Cryptocurrencies provide a "new layer of secrecy that favors the criminals," said a top-ranking staffer of the UN's Office on Drugs and Crime.