It is challenging for law enforcement to track down and trace illicit activities conducted through digital currencies. The process can be very time- and resource-intensive. Further, securing charges and arrests, and...more
3/19/2024
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Daubert Standards ,
Digital Assets ,
Digital Currency ,
Electronic Communications ,
Enforcement Actions ,
Evidence ,
Expert Testimony ,
Financial Crimes ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Government Investigations ,
Guilty Pleas ,
Money Laundering ,
Popular ,
Virtual Currency
On October 23, the Financial Crimes Enforcement Network (“FinCEN”) published a notice of proposed rulemaking (“NPRM”) entitled Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of...more
11/1/2023
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Convertible Virtual Currencies (CVCs) ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Money Laundering ,
NPRM ,
Recordkeeping Requirements ,
Virtual Currency
Complex Civil and Criminal Cases Converge -
On August 17, 2023, Judge Robert Pitman of the federal district court for the Western District of Texas issued an Order granting summary judgment for the U.S. Treasury Department...more
8/30/2023
/ Administrative Procedure Act ,
Decentralized Autonomous Organization (DAO) ,
Department of Justice (DOJ) ,
Digital Assets ,
Economic Sanctions ,
Fifth Amendment ,
FinCEN ,
First Amendment ,
Free Speech ,
International Emergency Economic Powers Act (IEEPA) ,
Money Laundering ,
Money Transmitter ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Takings Clause ,
U.S. Treasury ,
Virtual Currency
On October 15, 2021, the Financial Crimes Enforcement Network (“FinCEN”) issued a financial trend analysis on ransomware relating to Suspicious Activity Reports (“SARs”) filed in the first half of this year (“Analysis”). ...more
Government Alleges Systemic and Deliberate AML Failures -
Filings Describe Tools for CVC Exchanges to Use for Customer Due Diligence and Transaction Monitoring -
The Financial Crimes Enforcement Network (“FinCEN”) and...more