Key Points -
On March 2, 2023, DOJ announced that its NSD would hire more than 25 new prosecutors to investigate and prosecute sanctions evasion, export controls violations and similar economic crimes. Consistent with...more
• On August 8, OFAC issued Findings of Violation to two U.S. companies in relation to administrative subpoenas with follow-up responses deemed by OFAC to be inaccurate or incomplete.
• These recent actions build upon a...more
On Wednesday, July 27, 2017, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a $110 million fine levied against BTC-e, a digital currency exchange, for
BTC-e’s alleged refusal to abide by...more
8/3/2017
/ Anti-Money Laundering ,
Arrest ,
Bitcoin ,
Criminal Investigations ,
Currency Exchange ,
Department of Justice (DOJ) ,
Digital Currency ,
Enforcement Actions ,
FinCEN ,
Fines ,
Indictments ,
Money Services Business ,
Non-US Entities ,
Reporting Requirements ,
Russia ,
Suspicious Activity Reports (SARs) ,
U.S. Treasury
On February 27, 2017, FinCEN announced a $7 million civil monetary penalty against Merchants for willful violations of the BSA. Additionally, the Office of the Comptroller of the Currency (OCC), Merchants’ federal functional...more
3/2/2017
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banks ,
Civil Monetary Penalty ,
Compliance ,
Conflicts of Interest ,
Customer Due Diligence (CDD) ,
Due Diligence ,
Enforcement Actions ,
FinCEN ,
Money Services Business ,
MSB ,
OCC ,
Recordkeeping Requirements ,
Reporting Requirements