FinCEN
U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'
Under pressure to address reports that Hamas and other terrorist groups are partially funded with crypto, Treasury's FinCEN proposed a rule to categorize mixers as a threat.
4 Reasons Why US Lawmakers Shouldn’t Back Sen. Warren’s Latest Crypto Bill
The Digital Asset Anti-Money Laundering Act is unworkable and assuredly unconstitutional.
BTC, ETH Drop; Binance Named as Counterparty in FinCEN Order Against Bitzlato
The U.S. Justice Department's announcement on a major international cryptocurrency enforcement action resulted in a steep sell-off yesterday, causing bitcoin and ether to dip under newly-breached support levels before slightly recovering. Plus, Binance was named as the top three receiving and sending counterparties associated with Bitzlato, according to the order from the Treasury's Financial Crimes Enforcement Network (FinCEN).
Binance Named as Counterparty in FinCEN Order Against Bitzlato
Bitzlato is accused of laundering $700 million by U.S. authorities.
Crypto Exchange Bittrex to Pay $30M in US Treasury Sanctions Settlement
Crypto exchange Bittrex will pay the U.S. Treasury Department’s sanctions and money laundering watchdogs $30 million to settle allegations it maintained a poor compliance program between 2014 and 2017.
US Treasury Official Warns Crypto Industry to Proactively Sanction 'Problematic' Wallets
FinCEN Associate Director Alessio Evangelista said crypto service providers shouldn't wait for the government to designate a wallet if it's being used for illicit activity.
OFAC and FinCEN Lacking Resources for Crypto Regulation
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how OFAC and FinCEN budget concerns impact regulators' ability to have cohesive oversight of the space. Plus, a conversation about Fed Chair Jerome Powell and Bank of England Governor Andrew Bailey addressing the need for international coordination of cryptocurrency policy.
MoonPay, Startup Known for Celeb NFT Buys, Adds Obama-Era Money Laundering Watchdog
James Freis ran the Financial Crimes Enforcement Network from 2007 to 2012.
The Unnoticed OFAC Budget Ask in Last Week's Crypto Congressional Hearing
Whether FinCEN and OFAC have the resources they need to enforce anti-money laundering rules seems very under-discussed.
FinCEN Chief Digital Currency Adviser Korver Departs for A16z
Michele Korver, who spent less than nine months at FinCEN, will be head of regulatory at A16z.
