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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 […]

Hong Kong stops ICO

  Latest update  最新訊息 SFC’s regulatory action halts ICO to Hong Kong public  19 Mar 2018 ICO issuer Black Cell Technology Limited (Black Cell) has halted its initial coin offering (ICO) to the Hong Kong public and agreed to unwind ICO transactions for Hong Kong investors by returning them the […]

Mr. Watchlist quoted in Compliance Week!

Saw this today – it’s more AML-focused than sanctions-focused, but it comes from a 15-minute interview I did last week for them. Yes, they misquoted me (it should be obvious) slightly, but we’ve asked that it gets fixed. Clearly, “countries” regulate, not “companies”… BTW, Compliance Week has a paywall – you […]