U.S. Treasury Department Claims Criminals and North Korean ‘Cyber Actors’ Use DeFi To Launder Money

The U.S. Department of the Treasury released a new report on Thursday outlining what it argues are the illicit finance risks inherent to decentralized finance (DeFi). The Treasury Department says criminals are taking advantage of DeFi platforms that aren’t compliant with US anti-money laundering (AML) and countering financing of terrorism (CFT) regulations.