Global Web3 security company CertiK stated in a report that "Anti-Money Laundering (AML) regulations have emerged as the biggest regulatory risk for the cryptocurrency industry." According to Cointelegraph, the report explained 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 the U.S. Securities and Exchange Commission (SEC)'s cryptocurrency fines plummeted by 97% compared to the previous year during the same period. Sanctions on operational risks such as unlicensed money transmission and failure to monitor transactions are particularly expanding."
