Menu Home

Outcomes of the June 16-21 FATF Plenary

Outcomes FATF Plenary, 16-21 June 2019 Send Print Tweet Orlando, 21 June 2019 – FATF President Marshall Billingslea of the United States, chaired the third and last Plenary meeting under the U.S. Presidency in Orlando on 19-21 June 2019. During this Plenary, delegates celebrated the 30th Anniversary of the FATF. In recent […]

May 9, 2019: FinCEN issues updated Virtual Currency guidance (plus an advisory)

New FinCEN Guidance Affirms Its Longstanding Regulatory Framework for Virtual Currencies and a New FinCEN Advisory Warns of Threats Posed by Virtual Currency Misuse Contact Public Affairs, 703-905-3770 Immediate Release May 09, 2019 WASHINGTON—To provide regulatory certainty for businesses and individuals engaged in expanding fields of financial activity, the Financial Crimes […]

FinCEN Enforcement Action: Virtual Currency Exchanges are MSBs, you know!

FinCEN Penalizes Peer-to-Peer Virtual Currency Exchanger for Violations of Anti-Money Laundering Laws Immediate Release April 18, 2019 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty against Eric Powers for willfully violating the Bank Secrecy Act’s (BSA) registration, program, and reporting requirements.  Mr. Powers failed to register as a […]

FINMA shuts down illegal ICO

FINMA ascertains illegal activity by envion AG The Swiss Financial Market Supervisory Authority FINMA has found that envion AG (now in liquidation) unlawfully received public deposits on a commercial basis from at least 37,000 investors. The company is currently being liquidated by the Zug bankruptcy authority. In March 2019, FINMA […]

FINMA starts enforcement action against ICO

News 26 July 2018  Press release FINMA launches proceedings against ICO issuer The Swiss Financial Market Supervisory Authority FINMA has launched enforcement proceedings against envion AG. FINMA has evidence that the company may have breached financial market law in relation to an ICO. FINMA launched enforcement proceedings against envion AG […]

May 29, 2018: SEC halts fraudulent ICO

SEC Obtains Emergency Order Halting Fraudulent Coin Offering Scheme  Charges “Blockchain Evangelist” Behind Alleged Scam FOR IMMEDIATE RELEASE2018-94 Washington D.C., May 29, 2018 — The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as […]