This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

NFTs are susceptible to use in fraud schemes, subject to theft, US Treasury says in new risk assessment

( May 29, 2024, 19:07 GMT | Official Statement) -- MLex Summary: Non-fungible Tokens, or NFTs,  are highly susceptible to use in fraud and scams and are subject to theft, the US Treasury Department said in its first illicit finance risk assessment of the sector. Illicit actors can use NFTs to launder proceeds from predicate crimes, often in combination with other methods to obfuscate the illicit source of proceeds of crime, the assessment found. There is little evidence of the misuse of NFTs by terrorists or proliferators, in contrast to fraudsters, to date.Statement and report follow below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login