- This was stated by the head of NCET Eun Yong Choi
- The agency is interested in large platforms that violate AML and KYC rules
The head of the National Cryptocurrency Countermeasures Group (NCET) under the US Department of Justice, Eun Yong Choi, has declared “war” on CEX. It threatens “strong measures” to those sites that violate AML rules and do not adhere to strict KYC requirements.
About this she reported in a comment for FT. The DOJ is targeting exchanges that allow criminals to “profit” from their schemes and cash out easily, she said.
Yong Choi claims that over the past four years, the department has seen a noticeable increase in such platforms. She also added the following:
“We hope we can achieve a multiplier effect by focusing on these venues.”
In her press statement, the head of the department also referred to so-called “pig slaughter” schemes. This term is used to define fraudulent schemes in which the victim is “fattened” with promises of guaranteed profits.
Criminals often communicate for months, luring the victim into the scheme. She can even make a profit for a while, but then she loses all the invested funds.
In April alone, the Ministry of Justice confiscated $112 million worth of cryptocurrencies obtained through such manipulations. They promise to return the money to the victims. Earlier, we talked about the media reaction to the news that many cryptocurrency companies are planning to leave the United States. Experts consider this a bluff, a game directed against the SEC.