Securing the NFT Ecosystem Complete Guide

Securing the NFT Ecosystem Complete Guide

NFTs are blockchain-based tokens depicting various art forms – painting, music, games, and many more. This technological advancement provided new room for money launderers to develop new typologies to exploit the same and transfer illegally obtained funds through misuse of NFTs.

In an effort to prevent NFT money laundering, we have introduced this comprehensive guide that covers the following:

  • A basic understanding of NFTs and how they are different from cryptocurrencies
  • The reasons why NFTs attract money launderers, such as instant transfer of ownership, no geographical restrictions, and smart contracts in the NFT market.
  • Methods used for conducting NFT money laundering: Wash Trading and Standard Money Laundering
  • Key AML measures and responsibilities to curb NFT money laundering

After going through this guide, you’ll learn about implementing the right measures in your AML program to prevent money laundering through the NFT ecosystem. Check out the booklet now!

Share via :

Share on facebook
Share on twitter
Share on linkedin

Share via :

Share on facebook
Share on twitter
Share on linkedin