FinCEN Sees Jump in Crypto-Related Suspicious Activity Reports
Crypto companies have filed 7,100 Suspicious Activity Reports since May, America’s anti-money-laundering chief said at a banking conference Tuesday. Source
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FinCEN
FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What
“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco. Source
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Anti-Money Laundering Laws Apply to Crypto Too, Says FinCEN Chief
The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco spoke at the University of Georgetown where he made it clear that Anti-Money Laundering (AML) laws apply to everyone.On Oct. 21, banking trade publication American Banker reported that Blanco said that fintech firms offering cryptocurrency users anonymity must
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New US Congress Bill: FinCEN to Examine Blockchain Utilization
US Congress has passed this week the “Advancing Innovation to Assist Law Enforcement Act.” The Act is requiring the financial crime watchdog, Financial Crimes Enforcement Network (FinCEN), to study the use of blockchain technology in the digital world.More specifically, the director of FinCEN has been directed to conduct a thorough
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FinCEN Director Addresses Casino Compliance With Obligations Regarding Crypto
Kenneth A. Blanco, the director of the Financial Crimes Enforcement Network (FinCEN), has urged casinos to follow the agency’s guidelines in regards to suspicious convertible virtual currency (CVC) activity.During his speech at the 12th Annual Las Vegas Anti-Money Laundering Conference on Aug. 13, Blanco addressed casinos’ compliance with the
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