FinCEN News

The Financial Crimes Enforcement Network, or FinCEN, is a bureau of the U.S. Department of the Treasury that specializes on analysis of all financial operations in order to prevent terrorist financing, money laundering, etc. FinCEN was founded in 1990 and currently is headquartered in Vienna, VA. In 2013, FinCEN issued Bitcoin and virtual currency guidance concerning creating, obtaining, distributing, exchanging, accepting or transmitting virtual currencies. By this guidance, the companies that provide cryptocurrency-related services must report all data to the government so that it can prevent money laundering. There are also definitions for various kinds of cryptocurrency users and their responsibilities while working with digital currencies.
Breaking news
Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act.
BREAKING: BitMEX will pay $100M in penalties to FinCEN, CFTC
Turner Wright
2021-08-10T19:52:16+01:00
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News
FinCEN digital currency adviser Michele Korver believes cryptocurrency is a natural evolution in financial technology.
FinCEN's new digital currency advisor says crypto's 'just another means of payment'
Samuel Haig
2021-07-30T05:08:05+01:00
3972
Opinion
The SEC’s approach to crypto must be modified to more clearly articulate how securities laws should apply to digital assets.
It is time for the US to create a ‘Ripple test’ for crypto
Carol Goforth
2021-07-21T15:37:00+01:00
18892
Expert Take
Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space.
DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters
Selva Ozelli
2021-07-09T16:37:00+01:00
2642
Breaking news
Michele Korver has been involved in crypto-focused Anti-Money Laundering operations since as early as 2013.
BREAKING: US financial regulator FinCEN hires its first-ever chief digital currency adviser
Sam Bourgi
2021-07-06T15:34:34+01:00
3964
Market Analysis
A $2,200 Ether price would give bulls a $28-million advantage in this week’s ETH options expiry, but traders are more focused on the impact of the London hard f...
Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry
Marcel Pechman
2021-07-02T02:17:50+01:00
21327
News
FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs.
FinCEN lists cryptocurrencies as top AML and CFT priorities
Helen Partz
2021-07-01T17:03:47+01:00
2765
News
Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm Cipher...
Binance tackles Travel Rule compliance after multiple bans
Marie Huillet
2021-06-30T17:00:00+01:00
5553

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