FinCEN issues Enforcement Order against Crypto Exchange Bitzlato in First-Time Use of Section 9714(a)

FinCEN determined that Bitzlato is a FI operating outside of the US that is of primary money laundering concern in connection with Russian illicit finance.The order prohibits certain transmittals of funds involving Bitzlato by any covered FI. Bitzlato poses a global threat by allowing…