- Oct 25, 2021
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US Crypto Enforcement Strategy for ‘Countering Corruption’
The White House announced Monday, “In line with the president’s direction, the Biden-Harris administration is releasing the first-ever ‘United States Strategy on Countering Corruption.'” The 38-page report outlines the U.S. government’s strategy to fight corruption globally.
One of the key strategies is to “enhance enforcement efforts,” which includes a section on “cryptocurrency and corruption.” The report states:
DOJ will utilize a newly established task force, the National Cryptocurrency Enforcement Team, to focus specifically on complex investigations and prosecutions of criminal misuses of cryptocurrency.
The report adds that the work will focus particularly on “crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors.”
The Department of Justice (DOJ)
In June, the Biden administration unveiled its
In November, Monaco and officials from the National Security Division and Criminal Division met with U.K. Home Secretary Priti Patel. They “
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