by AdrianaAMLP | Dec 2, 2023
An unprecedented action that holds Binance Holdings Ltd. and several affiliates (collectively, Binance) accountable for willful violations of the Bank Secrecy Act and its implementing regulations. FinCEN’s consent order assesses a civil money penalty of $3.4...
by AdrianaAMLP | Nov 29, 2023
Sanctions applied to Sinbad.io (Sinbad), a virtual currency mixer that serves as a key money-laundering tool of the OFAC-designated Lazarus Group, a state-sponsored cyber hacking group of the Democratic People’s Republic of Korea (DPRK).
by Jyotsna Bucktowar | Nov 28, 2023
Fraudulent crypto investment schemes directed from Asia known as “pig butchering” have become a global billion-dollar industry. Reuters traced at least $9 million linked to such scams to an account registered to a well-connected representative of a Chinese trade...
by AdrianaAMLP | Nov 27, 2023
Amendments include guidance on the sources of information competent authorities should consider when assessing ML/TF risks associated with CASPs and highlight the importance of a consistent approach in setting supervisory expectations, where multiple competent...
by AdrianaAMLP | Nov 24, 2023
These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a...
Recent Comments