Regulators Crack Down on Crypto Kiosk Scams Amid New Legislation
Originally Published 5 months ago — by FinCEN.gov
FinCEN has issued a notice urging financial institutions to monitor and report suspicious activities related to convertible virtual currency kiosks, which are exploited by criminals for fraud, cybercrime, and drug trafficking, emphasizing the importance of compliance with the Bank Secrecy Act to prevent illicit activities.