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The Nexus
SECURITYJul 2 · 14:28 UTCFORTUNERichard Nephew

Former Iran director at NSC: Crypto legislation is a ticket to sanctions evasion

A former NSC director warns that the CLARITY Act could create loopholes for the crypto industry, enabling Iran and other entities to evade sanctions and facilitate terrorist financing. The bill's provisions may weaken anti-money laundering (AML) requirements for decentralized finance (DeFi) and hinder law enforcement efforts, according to the Fraternal Order of Police.

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Clarity ActtopicFinancial Crimes Enforcement NetworkorganizationIranplaceFraternal Order of PoliceorganizationFinancial Action Task ForceorganizationNational Security Councilorganizationdecentralized financetopic
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