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Imagine working at Deutsche Bank in Frankfurt yesterday. Perhaps you’re a mid-level HR executive.

Hans, maybe.

Halfway through your second game of Solitaire, police and government agents storm the building. Not a couple of officers with a polite warrant, but a small army – one hundred and seventy men and women in uniform, tearing through the building in search of evidence to support a case.

Pause to imagine that.

Once positioned to rival the largest Wall Street firms, Deutsche Bank has been hemorrhaging goodwill since it was identified in the Panama Papers as an alleged enabler of money laundering schemes that would make Jason Bateman blush.

Money laundering has been repeatedly cited by regulators as a key concernover cryptocurrency. Quite rightly – those who engage in the act are generally involved in criminal enterprises or attempting to evade taxes.

Anti-money laundering (AML) procedures are, of course, routine for Hans, who is even now feverishly looking to close his game of Solitaire in case this raid is a corporate effort to punish time-wasting. When he opened his account at a local Frankfurt bank, his credentials were checked; larger deposits are reported to the authorities; suspicious activity is flagged.

AML has also become standard in the cryptocurrency world, where customers at exchanges domiciled in regulated jurisdictions are required to subject themselves to AML and Know Your Customer (KYC) procedures. The industry is rapidly moving toward the same level of retail compliance that our friend in Human Resources experiences when