In particular, LexisNexis ®
Risk Solutions has high - lighted five key revisions to the current legislation that banks and other
financial institutions must be aware of to remain compliant in their anti-money launder - ing provisions: • Pre-paid cash cards: to reduce
financial crimes linked to anonymous pre - paid instruments, vendors will be required to conduct more stringent customer verification and the thresh - old will be reduced
from $ 250 to $ 150 • Digital currencies: thorough customer due diligence controls will be required by all virtual cur - ing
farmers, are vulnerable to unfair trading practices employed by partners in the chain.