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And there are criminal charges, too…

The announcement: Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, January 18, 2023 Founder and Majority Owner of Cryptocurrency Exchange Charged with Processing Over $700 Million of Illicit Funds The founder and majority owner of a cryptocurrency exchange, Bitzlato Ltd. (Bitzlato), was arrested last night in Miami […]

When is a PMLC not your usual garden-variety PMLC? FinCEN issues Section 9714(a) order for Bitzlato virtual currency exchange

FinCEN Identifies Virtual Currency Exchange Bitzlato as a Primary Money Laundering Concern in Connection with Russian Illicit Finance Action is the First Order Issued under Powerful New “Section 9714” Authority Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order that identifies the virtual currency exchange […]

Bitcoin Money Laundering Conviction

Department of Justice U.S. Attorney’s Office District of New Hampshire FOR IMMEDIATE RELEASE Thursday, December 22, 2022 Ian Freeman Convicted On All Counts Relating To Bitcoin Money Laundering Scheme             CONCORD – United States Attorney Jane E. Young, announced that a federal jury convicted Ian Freeman, […]

NY DFS releases virtual currency guidance for banks

SUPERINTENDENT ADRIENNE A. HARRIS RELEASES VIRTUAL CURRENCY GUIDANCE FOR BANKING ORGANIZATIONS GUIDANCE REITERATES DEPARTMENT’S EXPECTATION TO REVIEW VIRTUAL CURRENCY-RELATED ACTIVITIES FOR PRIOR APPROVAL AND OUTLINES CRITERIA BY WHICH PROPOSALS WILL BE EVALUATED Today, New York Department of Financial Services (DFS) Superintendent Adrienne A. Harris released Guidance to banking organizations that […]