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, 2022Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be "enforcement-proof".
September 29, 2022Reports released by the White House, Treasury, Commerce and DOJ will help ensure a coordinated and comprehensive approach to digital assets policy.
September 19, 2022Banks should use a risk-based approach when managing customer risk, and not decline to provide banking services to entire categories of customers.
July 10, 2022The guidance outlines criteria specifically addressing stablecoin redeemability, asset reserve requirements, and independent audit requirements.
June 10, 2022Wells Fargo Advisors was fined for failing to timely file 34 SARs. This is the second BSA action against the firm in the last five years.
May 24, 2022Deficiencies were found at Anchorage Digital Bank, the US' first federally chartered bank authorised to provide institutional custody services for crypto.
April 30, 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, 2021The 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