PYMNTS

AUGUST 14, 2019

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. The second was the rise of cryptocurrency (though during his remarks he tended to refer to it as Convertible Virtual Currency or CVC). The first is the rise of mobile gaming and gambling.

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

PYMNTS

MARCH 3, 2020

Justice Department (DOJ) with laundering over $100 million worth of cryptocurrency that was previously hacked by North Korean fraudsters, the DOJ said on Tuesday (March 3). and unsealed on Monday (March 2), Tian Yinyin and Li Jiadong allegedly laundered cryptocurrency stolen by North Korean hackers between December 2017 and April 2019.

Law Enforcement 56

Law Enforcement Money Laundering IRS OFAC 56

The Fintech Times

JANUARY 13, 2024

The highest value fine of $4.3billion was issued to the world’s largest cryptocurrency exchange, Binance , in relation to AML failings.

Financial Crimes 59

Financial Crimes Due Diligence Compliance AML 59

FICO

DECEMBER 23, 2020

Newly regulated areas such as digital assets and cryptocurrency businesses will likely undergo increased scrutiny (as companies transacting in digital assets are not exempt from AML requirements). whether a payment constitutes a potential violation of sanctions (OFAC) laws) and self-report.”. Earlier this year in the U.S.,

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52

PYMNTS

AUGUST 22, 2019

Treasury is looking at numerous cryptocurrency addresses and people associated with them as part of the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act, Cryptovest reported on Thursday (Aug. The drug traffickers face sanctions after coordinated actions from OFAC, FinCen and U.S. law enforcement agencies.

Treasury 46

Treasury SDN Addressing OFAC 46