Global Web3 security company CertiK stated in a report that "Anti-Money Laundering (AML) regulations have emerged as the biggest regulatory risk in the cryptocurrency industry." According to Cointelegraph, the report stated that "In the first half of last year, the U.S. Department of Justice and FinCEN imposed over $1 billion in AML-related fines, while cryptocurrency fines from the U.S. Securities and Exchange Commission (SEC) plummeted by 97% compared to the previous year during the same period. It explained that "sanctions for operational risks, particularly unlicensed money transmission and failure to monitor transactions, are on the rise."
