Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot...
Buried in the U.S. Department of Justice’s crypto crime report last week was a call for Congress to double the criminal penalties for any unlicensed...
Federal authorities are investigating whether cryptocurrency exchange Binance violated the Bank Secrecy Act. That’s according to a Thursday (Sept. 1) Reuters report, which noted that...
Decentralized finance (DeFi) is currently one of the most dynamic trends in the financial space, with more than 5,000 different cryptocurrencies in circulation as of...
BitMEX’s founders and its first employee were charged with contravening the Bank Secrecy Act and conspiring to violate the act, according to a Thursday (Oct....
The pandemic has spurred businesses — by necessity — to use digital means to interact with their employees and to keep operations humming. And the...
Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. Department of the...
The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. Bank, a subsidiary of U.S. Bancorp, with a...
Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco told bankers and lawyers at a conference Dec. 10 that the information they report provides important...