All posts tagged "Bank Secrecy Act"
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215AML / KYCFormer BitMEX Exec to Pay Fine for Violating AML Law
The US Attorney previously secured judgments against the firm's three co-founders for violating US derivatives laws and AML rules.
August 11, 2022 -
352AML / KYCUS Bill Set to Bring Gatekeepers into Scope of AML Rules
The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.
July 5, 2022 -
1.5KAML / KYCUS Regulators Fine National Bank of Pakistan $55m for AML Violations
National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.
March 1, 2022 -
642AML / KYCBitConnect Founder Indicted for Running Crypto Ponzi Scheme
BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.
March 1, 2022 -
728AML / KYC
BitMEX Founders Agree Settlement for US AML Violations
Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.
February 28, 2022 -
571AML / KYCFinCEN Seeks Comments on Modernising US AML/CFT Regime
FinCEN's review of BSA regulations will help it to identify regulations and guidance that are out-dated, redundant, inefficient, or unfit for purpose.
December 16, 2021 -
374AML / KYC
BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches
BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.
August 12, 2021 -
519AML / KYC
US House Bill Offers Regulatory Framework for Crypto
The bill would give the SEC authority over digital asset securities, the CFTC authority over digital assets, and the Fed authority to issue a digital dollar.
August 3, 2021 -
473AML / KYC
FinCEN Publishes First Government-wide AML/CFT Priorities
FinCEN will publish new rules within 6 months reflecting the priorities, which identify the most significant AML/CFT threats currently facing the US.
July 6, 2021 -
425Crypto / Digital Assets
US House Passes Bill to Foster Innovation in Digital Assets
The bill will require the SEC and CFTC to establish a digital asset working group to ensure collaboration between regulators and the private sector on digital assets.
April 26, 2021
