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US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise
23.10.2020
The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included
Law Decoded: Government sandboxes, test beds and crypto compromises
23.10.2020
These week's news highlighted how governments test new regimes for cryptocurrency, which can be slow but is certainly some kind of progress
US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million
20.10.2020
Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules. According to documents published Oct. 19...
FinCEN Fines Bitcoin-Mixing CEO $60M in Landmark Crackdown on Helix, Coin Ninja
19.10.2020
Larry Dean Harmon ran the first bitcoin mixing services targeted with criminal allegations by U.S. authorities
US financial watchdog fines early Bitcoin mixer $60M for money laundering
19.10.2020
FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations
OFAC Warns Americans Against Facilitating Ransomware Payments
5.10.2020
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued an advisory highlighting the sanctions risk American citizens face if they help facilitate ransomware payments. In the advisory, the OFAC says it will “continue to impose sanctions on those...
FinCen Warns on Ransomware Attacks, Notes Increased Targeting of Government Entities
1.10.2020
Ransomware attackers use malicious software to block access to data and demand ransom in return, oftentimes deploying the threat to make proprietary data public
US Treasury warns crypto firms not to reimburse unknown ransomware victims
1.10.2020
Malware payouts from insurance companies pose a threat to U.S. national security
Nexo founder feels vindicated by the FinCen leak, talks of double-standards
26.9.2020
Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day
OneCoin Investors Allege BNY Mellon Aided $4B Fraud
25.9.2020
Following the publication of the FinCEN Files on Monday, investors suing OneCoin have now filed charges against BNY Mellon
CoinDesk Reporters Discuss FinCEN Files, Venezuela’s Stablecoin Flop and More
24.9.2020
From the CoinDesk Global Macro news desk, this is Borderless - A twice-monthly roundup of the most important stories impacting bitcoin and the crypto sector from around the world
The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering
21.9.2020
The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services
5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels
21.9.2020
According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds...
FinCEN Files: BNY Mellon Processed $137M for Entities Linked to OneCoin
21.9.2020
The leaked "FinCEN files" show that BNY Mellon flagged a $30 million purported loan that it helped wire as one suspected case of OneCoin laundering funds
FinCEN leak suggests new AML measures may not go far enough… for banks
21.9.2020
The leaked documents show many banks 'enabling' money laundering
FinCEN announces sweeping money laundering regulations overhaul
17.9.2020
FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.”
FinCEN Issues Warning on Coronavirus Scams Demanding Crypto
31.7.2020
The advisory regarding cybercriminals exploiting the Covid-19 pandemic asks firms to be especially vigilant regarding their dealings with virtual currencies
FinCEN Releases Cybercrime Statement In Lieu of COVID-19
30.7.2020
FinCEN issued a statement on cybercrime in light of COVID-19
Comparing Money Laundering With Cryptocurrencies and Fiat
30.7.2020
Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk
Complex Compliances: Checklist for Crypto ATM Operators
25.7.2020
Operating a Bitcoin ATM could indeed be a lucrative business endeavor, but it just got a whole lot more complex