During a pair of recent speeches, Kenneth Blanco, director of the Treasury Department’s Financial Crimes Enforcement Network, discussed money laundering issues for—and the need for cooperation from—casinos. Another topic: the regulatory perils of virtual currencies.
“I believe casinos are good and important partners that have made significant progress in recent years with respect to Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). There are, of course, as in most industries, areas for improvement,” Blanco said at the 11th Annual Las Vegas Anti-Money Laundering Conference and Expo.
