John Gibson believes tackling cryptocurrency-related financial crime takes more than sophisticated tracing technology. Effective investigations, specialist training and strong regulatory oversight are just as important. He shares this perspective in a new Law360 UK article examining how cryptocurrency privacy tools are complicating efforts by British authorities to investigate money laundering and sanctions evasion.
Drawing on past enforcement actions, John calls for stronger checks where conventional money is exchanged for cryptocurrency, better intelligence capabilities and continued scrutiny of crypto businesses after they receive regulatory authorization. That includes testing compliance systems against actual transactions and taking prompt action when firms repeatedly fall short.