FinCEN

Ransomware Groups Target Public Companies and Healthcare 
Ransomware Groups Target Public Companies and Healthcare 
December 09, 2022  |  Security & Fraud

Fake medical documents and fabricated “evidence” are two new schemes being deployed by ransomware groups. Krebs on Security reported Thursday (Dec. 8) that these schemes...

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Australia Eyes Ban on Paying Ransoms to Hackers
Australia Eyes Ban on Paying Ransoms to Hackers
November 13, 2022  |  Security & Fraud

Australia could consider barring businesses from making ransomware payments to criminals, the country’s cyber security minister said Sunday (Nov. 13). “The idea that we’re going...

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Twitter Reportedly Filed With FinCEN to Process Payments
Twitter Reportedly Filed With FinCEN to Process Payments
November 09, 2022  |  Digital Payments

Twitter has reportedly filed paperwork with the Financial Crimes Enforcement Network (FinCEN) to begin the process of registering to process payments.  The social media platform...

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FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
November 01, 2022  |  Security & Fraud

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. The...

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New FinCEN Transparency Rules Require Naming Beneficial Owners
New FinCEN Transparency Rules Require Naming Beneficial Owners
October 05, 2022  |  Regulation

In a bid to crack down on illicit finance, the Financial Crimes Enforcement Network (FinCEN) has issued a final rule creating a beneficial ownership information...

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DOJ Seeks to Double Jail Time for Money Transmission Crimes
DOJ Seeks to Double Jail Time for Money Transmission Crimes
September 20, 2022  |  Regulation

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...

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This Week in US TechREG: SEC, Crypto Community Exchange Warnings; CFPB Wants Credit Reporting Standards in BNPL Sector
This Week in US TechREG: SEC, Crypto Community Exchange Warnings; CFPB Wants Credit Reporting Standards...
June 17, 2022  |  Technology

This week, the Securities and Exchange Commission (SEC) and the crypto community have been sending warnings to each other: the SEC chair said there was...

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Today in TechREG: EU Commissioner Urges Parliament to Pass Crypto Regulation; Qualcomm Wins Appeal of EU $1B Antitrust Fine
Today in TechREG: EU Commissioner Urges Parliament to Pass Crypto Regulation; Qualcomm Wins Appeal of...
June 15, 2022  |  Technology

In tech regulation news Wednesday (June 15), the European General Court sided with Qualcomm in its appeal of a $1 billion antitrust fine imposed by...

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Today in TechREG: FinCEN Proposes Rulemaking For New Enforcement Tool
Today in TechREG: FinCEN Proposes Rulemaking For New Enforcement Tool
June 06, 2022  |  Regulation

Today, a court in Australia found Google liable for defamatory videos posted on its YouTube platforms targeting a senior politician. The court ordered Google to...

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