MONEY LAUNDERING VIA NON-FUNGIBLE TOKENS (NFT)

A blog post from the Faculty of Law at the University of Oxford on 16 May focuses on the money laundering concerns about NFT, as they can be used as an obfuscation method to conceal proceeds of crime and illegal income.  The key aim is said to be to present the problematic aspects of NFT in relation to money laundering, analyse the EU legal framework on AML and to what extent it covers NFT and to provide some thoughts on what can be done to address the gaps therein.

https://www.law.ox.ac.uk/business-law-blog/blog/2022/05/money-laundering-non-fungible-tokens

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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