The strategy involves leveraging international cooperation, investigating crimes, bolstering infrastructure resilience, and addressing virtual currency abuse.
March 6, 2023The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.
February 22, 2023In the first sentencing of a crypto founder for a marketing fraud, prosecutors said Randall Crater defrauded investors of more than $7.5mn.
February 4, 2023The "Virtual Currency Tracking System" will be launched as part of a new cloud system that will allow other agencies to leverage prosecutors' investigative and forensics expertise.
January 31, 2023The guidance emphasises the "paramount importance of equitable and beneficial interest always remaining with the customer".
January 25, 2023New York regulated banks, as well as branches and agencies of foreign banks licensed by the NYDFS, need prior approval to engage in virtual currency-related activities.
December 20, 2022Kraken was facing a maximum fine of over $272mn. The $362,000 settlement reflects OFAC's determination the violations were "non-egregious and voluntarily self-disclosed".
November 30, 2022The new language obliged individual taxpayers to report income received from disposals of NFTs, as well as any other "digital asset".
October 25, 2022OFAC and FinCEN took joint action for sanctions screening failures and violations of AML and SAR reporting requirements.
October 12, 2022US persons may request a specific licence from OFAC to complete transactions involving sanctioned crypto mixer Tornado Cash.
September 19, 2022