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TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy
14.10.2024
TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and...
New York Regulator Hiring Blockchain Analyst to Tackle Crypto Crimes
7.10.2024
New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent position focuses on preventing financial crimes such as money laundering and fraud by ensuring compliance in the growing virtual currency sector. The role involves using...
Fed hits Texas bank with cease and desist over servicing crypto firms
5.9.2024
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
Secrecy of Argentine Gold Bullion Transfers Abroad Sparks Lawmaker Criticism
25.8.2024
A series of gold bullion transfers abroad by the Argentine government has sparked a series of criticisms behind this action, bringing several lawmakers to question the secrecy of this matter. While experts state that this movement has to do with the efficient utilization of these resources,...
US mulls applying fiat reporting mandate on crypto transfers
19.8.2024
The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, aiming to include cryptocurrencies and digital assets in new reporting requirements
How To Master Hacking Terminals In Fallout 76
15.8.2024
The Fallout universe is full of little minigames that shake up the dominant exploration and first-person shooter gameplay, such as the lockpicking and hacking minigames. The former is straightforward to grasp. But the latter? Not so much. But we’ve got you! Seriously, relax, it’s going to be fine....
Crypto Exchange Bitmex Pleads Guilty to Violating Bank Secrecy Act, AML Failures
13.7.2024
Crypto exchange Bitmex has pleaded guilty to violating the Bank Secrecy Act (BSA) by failing to maintain an adequate anti-money laundering (AML) program, resulting in the company being a vehicle for large-scale money laundering. The DOJ announced this plea following previous legal actions...
Crypto Exchange BitMEX Pleads Guilty to Violating the Bank Secrecy Act From 2015 to 2020
11.7.2024
BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA), according to a Wednesday announcement from the U.S. Department of Justice (DOJ)
BitMEX pleads guilty to Bank Secrecy Act violation
10.7.2024
BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation
‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator
29.6.2024
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks...
Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges
13.5.2024
If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said
Digitex Founder Pleads Guilty to Failure in Anti-Money Laundering Program Implementation
8.5.2024
The U.S. Attorney’s Office for the Southern District of Florida said Todd pleaded guilty to “willfully causing” Digitex to violate the Bank Secrecy Act.
The post Digitex Founder Pleads Guilty to Failure in Anti-Money Laundering Program Implementation appeared first on Cryptonews
Ex-Digitex Futures Exchange CEO pleads guilty to violating Bank Secrecy Act
7.5.2024
U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange
Binance.US Appoints Former NY Fed Compliance Chief Grant Martin To Board Amidst Crypto Regulation Crackdown
16.4.2024
Grant Martin, the former Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York, is joining the board of Binance.US., the crypto exchange announced in a Tuesday blog post. News of Martin's appointment follows just months after former global Binance CEO, Changpeng "CZ" Zhao...
Game Studio Shuts Down Before Shipping A Game, Blames Internal Leaks
12.4.2024
Possibility Space, a studio founded by State of Decay creator Jeff Strain, has shut down, according to several social media posts from its former employees.Read more
Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations
26.3.2024
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney...
Massive Dragon’s Dogma 2 Spoilers Leak Days Before Release
19.3.2024
I come to you bearing bad (but probably expected) news. Spoilers for Capcom’s high fantasy RPG Dragon’s Dogma 2 have leaked ahead of its March 22 launch, with some players streaming four-to-six hours of raw, uncut gameplay over the March 15 weekend. As is customary with these sorts of things,...
Digitex CEO Charged for Illegally Operating Crypto Futures
14.2.2024
Digitex crypto futures exchange CEO Adam Colin Todd willfully failed to include adequate anti-money-laundering (AML) program, Florida federal court alleged. The US Attorney’s Office for the Southern District of Florida said in a statement Tuesday that the offender “willfully caused Digitex Futures...
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
12.12.2023
Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress
Former Binance CEO CZ Released on $175 Million Bond, Sentencing Hearing Set for February 2024
22.11.2023
Source: GeekWire/ Taylor Soper The founder and former CEO of Binance, Changpeng “CZ” Zhao, has been released on a $175 million personal recognizance bond. This follows his guilty plea to charges of violating the Bank Secrecy Act. A plea made during a court appearance where federal...