Tag: Financial Crimes Enforcement Network
KuCoin and Founders Face US Prosecution over Alleged AML Violations
US federal prosecutors announced charges against crypto
exchange KuCoin and two of its founders for allegedly violating anti-money
laundering (AML) laws today (Tuesday). According to the...
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South Korea looks to crackdown on crypto mixers via new regulations
South Korean financial authorities are considering introducing specific regulatory measures for cryptocurrency mixers to curb the misuse of these protocols for money laundering by...
South Korea looks to crackdown on crypto mixers via new regulations
South Korean financial authorities are considering introducing specific regulatory measures for cryptocurrency mixers to curb the misuse of these protocols for money laundering by...
FinCEN’s Beneficial Ownership Information Rule is Coming…But Questions Still Remain
Since January 1, 2024, the U.S. government now requires many firms to report information about who ultimately owns and controls them as an effort...
United States acts as top cop — setting the crypto standards for the world
Here’s the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024.The U.S....
SEC Chair Issues Cryptocurrency Warning Amid Rising Anticipation of Approval of Spot BTC ETFs – CryptoCurrencyWire
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler sounded a cautionary note about the state of the cryptocurrency landscape on the social media...
Can Crypto Mixers Evolve to Sidestep Prosecution by U.S. Authorities? – CryptoCurrencyWire
Tornado Cash made headlines in August 2022 when the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned it, raising...
Don’t Get Caught Up In The Mix: OFAC Sanctions Another Crypto Mixer For Potential Violations Of Sanctions Regulations And FinCEN Proposes New Rule –...
U.S. government agencies continue to take action against cryptocurrency mixing services that enable cybercriminals to obfuscate the trail of stolen proceeds on public blockchains...
US Banking Industry’s Lobby Group Helped Write Elizabeth Warren’s Anti-Crypto Bill, According to Senator – The Daily Hodl
A prominent banking trade association is helping author Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act.
In a new announcement, Republican Senator Roger Marshall of...
U.S. Senators and Big Banks Draft Anti-Crypto Bill: Crypto Community Reacts
Recent updates on the Digital Asset Anti-Money Laundering Act of 2022, a bill sponsored by Senator Elizabeth Warren (D-MA) on 15 December 2022 that...
This Is How Much Binance and CZ Will Actually Have to Pay to Settle With the CFTC
Major crypto exchange Binance will pay $2.7 billion in disgorgement and penalty to the Commodity Futures Trading Commission (CFTC), thereby concluding the regulator’s...
Tether has frozen $435M USDT for U.S. DOJ, FBI, and Secret Service
The world’s largest stablecoin issuer has frozen 326 wallets containing $435 million worth of Tether (USDT) for the U.S. authorities, the company highlighted in...
Binance Disputes SEC’s Use of DOJ and FinCEN Settlement in Ongoing Legal Battle
In the ongoing legal dispute between Binance Holdings and the U.S. Securities and Exchange Commission (SEC), the former has filed a new submission...