The G20 has urged countries to adopt the Financial Action Task Force (FATF) standards on virtual assets and virtual asset service providers, which were adopted in June last year.
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2/28/2020
/ Bitcoin ,
Blockchain ,
BSA/AML ,
Committee on Payments and Market Infrastructure (CPMI) ,
Cross-Border Transactions ,
Cryptoassets ,
Cryptocurrency ,
Digital Currency ,
Digital Service Providers ,
FATF ,
Financial Instruments ,
Financial Services Industry ,
G20 ,
Popular ,
Virtual Currency
A Ukrainian man living in the U.S. is facing up to 20 years in prison after being convicted of 18 federal felonies to defraud his former employer Microsoft out of more than $10 million in digital value.
...more
2/28/2020
/ Bitcoin ,
Blockchain ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Digital Currency ,
Former Employee ,
Fraud ,
Gift-Cards ,
Identity Theft ,
Internet Retailers ,
Microsoft ,
Mobile Devices ,
Money Laundering ,
Online Platforms ,
Tax Fraud ,
Tax Returns ,
Unauthorized Access ,
White Collar Crimes ,
Wire Fraud
The U.S. Commodity Futures Trading Commission (CFTC) has charged a man from Colorado with fraud and failing to register with it in respect of a scheme that involved Ponzi-type payments....more
2/21/2020
/ Bitcoin ,
Blockchain ,
Civil Monetary Penalty ,
Commodity Pool ,
Cryptocurrency ,
Digital Assets ,
Disgorgement ,
Enforcement Actions ,
Foreign Currency ,
Forex ,
Illegal Trading ,
Investment ,
Investment Fraud ,
Misappropriation ,
Permanent Injunctions ,
Ponzi Scheme ,
Restitution ,
Solicitation ,
White Collar Crimes
The U.S. Department of Justice (DoJ) has indicted a man from Ohio for running Helix, a darknet-based cryptocurrency laundering service that is alleged to have laundered bitcoins worth $300 million....more
2/18/2020
/ Belize ,
Bitcoin ,
Blockchain ,
Criminal Conspiracy ,
Criminal Investigations ,
Criminal Prosecution ,
Cryptocurrency ,
Darknet ,
Department of Justice (DOJ) ,
Digital Currency ,
Indictments ,
Money Laundering ,
Money Services Business ,
Money Transmitter ,
Popular ,
Search Warrant ,
Virtual Currency
A man from Michigan has been ordered to repay about $210,000 for his role in a cryptocurrency scam. The fraudster solicited investments from two people, promising them large returns, but he used the investment proceeds to buy...more
2/10/2020
/ Bitcoin ,
Criminal Prosecution ,
Cryptocurrency ,
Digital Currency ,
Guilty Pleas ,
Investment ,
Investment Funds ,
Investment Opportunities ,
Investors ,
Money Laundering ,
Popular ,
Scams ,
Virtual Currency ,
Wire Fraud
What has happened?
US President Donald Trump has signed an executive order, establishing a task force that will develop guidance for the investigation and prosecution of fraud, including "digital currency fraud"....more
7/30/2018
/ Bitcoin ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Federal Agency Taskforce ,
Financial Fraud ,
Government Investigations ,
Regulatory Agenda ,
Regulatory Oversight ,
Trump Administration ,
Virtual Currency
What has happened?
A US federal court has ordered Dillon Michael Dean and his UK-registered company, The Entrepreneurs Headquarters Ltd (TEH), to pay over $1.9 million in "civil monetary penalties and restitution"....more
7/30/2018
/ Bitcoin ,
CFTC ,
Civil Monetary Penalty ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Initial Coin Offering (ICOs) ,
Investment Fraud ,
Misappropriation ,
Token Sales ,
Trade Options ,
Virtual Currency
Anyone working for the executive branch of the US government must disclose their cryptocurrency holdings, because they "may create a conflict of interest"....more
6/20/2018
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Disclosure Requirements ,
Executive Branch ,
Federal Employees ,
Investment ,
Office of Government Ethics (OGE) ,
Regulatory Oversight ,
Token Sales ,
Virtual Currency