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I see your indictment… and I raise!

Department of Justice U.S. Attorney’s Office District of New Hampshire FOR IMMEDIATE RELEASE Wednesday, April 27, 2022 Two Keene Residents Charged In Superseding Indictment With Additional Charges Related to Virtual Currency Exchange Business             CONCORD – A federal grand jury returned a 33-count superseding indictment on […]

Sentence in federal prison for crypto laundering

Department of Justice U.S. Attorney’s Office Eastern District of Texas FOR IMMEDIATE RELEASE Wednesday, April 6, 2022 Texas Man Sentenced in Cryptocurrency Money Laundering Conspiracy TYLER, Texas – An Irving man has been sentenced to federal prison for his role in a cryptocurrency money laundering conspiracy in the Eastern District […]

Two indicted for crypto laundering

Department of Justice U.S. Attorney’s Office Eastern District of Texas FOR IMMEDIATE RELEASE Thursday, March 10, 2022 Two Indicted in East Texas Cryptocurrency Money Laundering Scheme TYLER, Texas –A 75-year-old woman and a 33-year-old man have been indicted for their roles in a cryptocurrency money laundering scheme in the Eastern […]

Guilty Pleas for BSA Violations by Crypto Exchange

Department of Justice U.S. Attorney’s Office Southern District of New York FOR IMMEDIATE RELEASE Thursday, February 24, 2022 Founders Of Cryptocurrency Exchange Plead Guilty To Bank Secrecy Act Violations Arthur Hayes and Benjamin Delo Designed BitMex as a Platform to Flout U.S. Anti-Money Laundering Rules  Damian Williams, the United States […]

From the recent FinCEN Alert: Sanctions Evasion using crypto red flags

Select Red Flag Indicators A customer’s transactions are initiated from or sent to the following types of Internet Protocol (IP) addresses: non-trusted sources; locations in Russia, Belarus, FATF-identified jurisdictions with AML/CFT/CP deficiencies,19 and comprehensively sanctioned jurisdictions; or IP addresses previously flagged as suspicious. A customer’s transactions are connected to CVC […]

FINTRAC updates a slew of guidance documents

Updates to guidance on FINTRAC’s website We wish to inform all reporting entities subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations of recent updates to the following guidance on FINTRAC’s website: Reporting large virtual currency transactions (LVCTRs) to FINTRAC In September 2021, […]

OFAC publishes Virtual Currency Sanctions Compliance Guidance (& 2 updated FAQs)

Publication of Sanctions Compliance Guidance for the Virtual Currency Industry and Updated Frequently Asked Questions Release date10/15/2021Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing an industry-specific brochure, “Sanctions Compliance Guidance for the Virtual Currency Industry,” as a resource to help members of the […]