Mixerdämmerung: Samourai Wallet arrests herald twilight of the ‘crypto bros’
The Samourai Wallet founders were charged over conspiracy to commit money laundering and operate an unlicensed money-transmitting business.
Latest Financial Crimes Enforcement Network News
US Treasury admits terrorists love cash even more than ‘crypto’
The House of Representatives Financial Services Committee held its annual hearing of the Treasury's FinCEN and the Office of Terrorism and Financial Intelligence, looking at terrorism-related financing with some talks on digital assets.
Binance’s plea deal puts Tether in US law enforcement’s crosshairs
Two different people run Binance and Tether, but both claimed to be against illicit acts in the 'crypto' space, which proved untrue for the former, while the latter shows signs of false assertions.
Bittrex exchange is shutting down
The announcement comes over a year after Bittrex was forced to pay more than $53 million in settlements to the OFAC and FinCEN for failing to implement effective sanctions and AML compliance.
Binance, Changpeng Zhao reach $4.3 billion settlements with US authorities
Binance attempts to stay afloat with the appointment of its new CEO after CZ stepped down following a guilty plea on charges tied to sanctions violations and breaching the Bank Secrecy Act.
US Treasury cracks down on coin mixing
The move was announced by the Financial Crimes Enforcement Network, identifying coin mixing operations as “a class of transactions of primary money laundering concern.”
California proposes new rules for digital currency campaign donations
Regulators, including California's Fair Political Practices Commission, are revising digital currency campaign donations rules to ensure transparency and compliance.
Bipartisan bill to crack down on ‘crypto’ money laundering, terrorist financing reintroduced to US Senate
Recognizing the threat of "cryptocurrencies," U.S. lawmakers released a bill fortifying existing AML/CFT rules governing the financial system to help transform the sector into a safer space.
Binance gets more time to protest US exchange asset freeze
U.S. District Judge Amy Berman Jackson has given the parties until 5 p.m. on June 15 to report back on their progress before she makes any final decision regarding the SEC’s request to freeze funds.
US Treasury fines Bittrex $29.3 million, Coin Center files Tornado Cash suit
Bittrex will settle its $24.3 million penalty for breaching multiple sanctions programs, while Coin Center seeks to tame OFAC's aggression by filing a suit for sanctioning Tornado Cash.
Huobi secures FinCEN license as it eyes US expansion
Huobi obtained a money business service license but has yet to attain the money transmitter license, which would allow it to offer digital asset exchange services.
Digital currency ATMs being used for drugs and human trafficking: GAO
U.S. Government Accountability Office said that since digital currency ATMs are not as strictly regulated, they can allow human traffickers to move funds discreetly and recommend tougher measures.