The bill would categorise all crypto firms as money transfer businesses, requiring them to implement AML programmes and prohibiting the use of crypto mixers.
December 20, 2022OFAC and FinCEN took joint action for sanctions screening failures and violations of AML and SAR reporting requirements.
October 12, 2022Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.
October 3, 2022Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be "enforcement-proof".
September 29, 2022The US Attorney previously secured judgments against the firm's three co-founders for violating US derivatives laws and AML rules.
August 11, 2022The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.
July 5, 2022National 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, 2022BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.
March 1, 2022Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.
February 28, 2022FinCEN'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