New FinCEN alert lists potential red flags and typologies involving attempted sanctions evasion in the CRE sector by sanctioned Russians and their proxies.
January 30, 2023Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.
January 25, 2023Bitzlato facilitated $700mn in crypto transfers for Hydra users and received more than $15mn in ransomware proceeds.
January 19, 2023The 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, 2022The proposed rule also sets out requirements for institutions to have systems and controls to securely store beneficial ownership information and limit its access.
December 19, 2022About 75 percent of ransomware-related incidents reported to FinCEN in H2 2021 had a nexus to Russia, its proxies, or persons acting on its behalf.
November 7, 2022OFAC and FinCEN took joint action for sanctions screening failures and violations of AML and SAR reporting requirements.
October 12, 2022The rule is effective from 1 January 2024. Existing companies will have one year to report information about their beneficial owners to FinCEN.
September 30, 2022Reports released by the White House, Treasury, Commerce and DOJ will help ensure a coordinated and comprehensive approach to digital assets policy.
September 19, 2022Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.
August 9, 2022