Title insurers and others may soon be required to report the identities of the beneficial owners of companies that pay cash for real estate. The U.S. Treasury Department will propose a rule this month that will require real estate professionals to report this information to its Financial Crimes...
Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can do more to reduce those vulnerabilities, the U.S. Department of the Treasury said in a report released Thursday (April 6)....
The U.S. Treasury Department is flexing its cryptocurrency enforcement muscles as industry attention grows. The turbulent crypto sector has historically suffered from the perception that its anonymous and decentralized technical architecture provides a haven for money laundering and other illicit activities around the globe. “2022...
A leading U.S. Treasury official says the digital dollar could still be years away. U.S. regulators must first determine whether a central bank digital currency (CBDC) would truly improve real-time interbank payments in terms of speed and cost, Nellie Liang, undersecretary for domestic finance at...
January 30, 2023
The U.S. Treasury Department is flexing its cryptocurrency enforcement muscles as industry attention grows. The turbulent crypto sector has historically suffered from the perception that its anonymous and decentralized technical architecture provides a haven for money laundering and other illicit activities around the globe. “2022 was a really big year for sanctions,” Andrew Fierman, head of […]
August 10, 2023
Title insurers and others may soon be required to report the identities of the beneficial owners of companies that pay cash for real estate. The U.S. Treasury Department will propose a rule this month that will require real estate professionals to report this information to its Financial Crimes Enforcement Network (FinCEN), Reuters reported Thursday (Aug. 10), citing unnamed sources. The Treasury […]
April 06, 2023
Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can do more to reduce those...
December 21, 2022
A leading U.S. Treasury official says the digital dollar could still be years away. U.S. regulators must first determine whether a central bank digital currency (CBDC) would truly improve real-time...
November 28, 2022
The U.S. Treasury Department has officially reached a settlement with crypto exchange Kraken over alleged transactions in Iran. In a statement released by the Treasury’s Office of Foreign Assets Control...
