FinCEN

BitMEX Fined $100M in Latest Crypto Crackdown
Risk & Compliance

BitMEX Fined $100M in Latest Crypto Crackdown

U.S. regulators alleged the exchange traded digital assets without verifying customer identities and implementing an anti-money laundering program.
By Matthew Heller | August 11, 2021
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Square CEO Opposes FinCEN’s Proposed Crypto Rules
Risk & Compliance

Square CEO Opposes FinCEN’s Proposed Crypto Rules

Jack Dorsey says the new rules will drive cryptocurrency users to use unregulated third-party wallets, including ones hosted outside the United States.
By Lauren Muskett | January 5, 2021
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U.S. Finds Surge in Business Email Scams
Technology

U.S. Finds Surge in Business Email Scams

FinCEN reports that the total value of attempted thefts climbed to an average of $301 million per month in 2018 from only $110 million per month in 2016.
By Matthew Heller | July 17, 2019
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Feds Move to Curb Real Estate Secrecy
Risk & Compliance

Feds Move to Curb Real Estate Secrecy

The anti-money laundering action means buyers of high-end property in Manhattan and Miami can no longer hide behind shell companies.
By Katie Kuehner-Hebert | January 13, 2016
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Regulators Fine Virtual Currency Firm $700,000
Risk & Compliance

Regulators Fine Virtual Currency Firm $700,000

Ripple Labs, creator of the XRP digital currency, failed to maintain money laundering programs or register as a money services business, charges FinCEN.
By Matthew Heller | May 6, 2015
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Can U.S. Regulators Control Bitcoin?
Risk & Compliance

Can U.S. Regulators Control Bitcoin?

Law-enforcement officials agree that the benefits of a virtual currency like Bitcoin outweigh the risks, but they also insist Bitcoin needs regulation.
By Alissa Ponchione | November 19, 2013
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