Ripple Labs Settlement Demonstrates the Perils of Piecemeal AML Compliance and Delayed Implementation

Posted by Joe Ciccolo & filed under Legal.

Ciccolo J

*+-The Ripple Labs settlement agreement, the first civil enforcement action brought against a digital currency exchange, demonstrates the perils of piecemeal AML compliance and delayed implementation. Earlier this week, Ripple Labs, the popular payment system, currency exchange and remittance network, reached a settlement with FinCEN and the US DOJ in which it acknowledged AML compliance… Read more »