Global Compliance
March 18, 2025High-Risk Crypto Transactions
March 18, 2025Definition:
Government agencies are public institutions responsible for enforcing regulations, policies, and compliance requirements within different industries.
Contextual Explanation:
Agencies like the Financial Crimes Enforcement Network (FinCEN) and the European Banking Authority (EBA) oversee financial institutions to prevent illicit activities.
Why It Matters:
These agencies ensure legal compliance, protect consumers, and maintain the integrity of financial systems.