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Biden admin spotlights digital assets in global corruption, calling for greater AML

In its December 6 “Strategy on Countering Corruption,” the White House highlighted areas for improvement in curbing global corruption and illicit financing. Among anti-money laundering deficiencies including real estate markets and offshore tax havens, the Biden administration cited digital asset usage.  “Advances in digital technology have dramatically improved the efficiency, convenience, and reach of digital alternatives to cash, and accelerated the usage of and commercial trading in digital assets across the world,” the report said. “At the same time, digital …