The regulatory framework for cryptocurrency and DeFi in general is still a little murky. That hasn’t stopped regulatory bodies from bringing enforcement actions against players in this space. What’s on the horizon when it...more
Cryptocurrency, and its most-noted asset Bitcoin, has been breaking into the mainstream press. While most lawyers have heard terms like “blockchain” and probably even know a few people who have been deeply interested in the...more
5/28/2021
/ Anonymity ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Bitcoin ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Digital Wallets ,
eBay ,
Enforcement Actions ,
Financial Institutions ,
Human Trafficking ,
Illegal Drugs ,
Know Your Customers ,
Money Services Business ,
Money Transmitter ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Reporting Requirements ,
Suspicious Activity Reports (SARs) ,
Terrorist Financing ,
U.S. Treasury
Every day, the mainstream media and social media are filled with references to cryptocurrency. Depending on who you ask, it’s either simply the next way to spend your money, or it’s a haven for criminal activity. In this...more
5/27/2021
/ Anti-Money Laundering ,
Banking Sector ,
Blockchain ,
Cross-Border Transactions ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Financial Crimes ,
Financial Institutions ,
Financial Transactions ,
Money Laundering ,
Regulatory Oversight ,
Terrorist Financing Regulations ,
Virtual Currency
The Maria Butina case cast a spotlight on once-obscure laws known as 18 USC Section 951, and the Foreign Agent Registration Act, or FARA. The government has revived these laws to target political actors, foreign...more
You’ve worked in the trenches of the private or public sector, and now you’ve been granted the golden ticket: a job in the Biden Administration. Congratulations, your work has paid off, but you could find yourself opposite a...more
If a change of administration transpires due to the upcoming election, here are some considerations that financial services companies should keep in mind.
•Major philosophical differences exist between Biden and Trump on...more
Whether they’re federal, state, or local, when agents knock on your door with a search warrant, you’ve already had a bad day. With a few simple tips, you can keep it from getting worse. In this episode of “More with...more
Government employees can find themselves in the middle of investigations and want to protect themselves. There’s no need to make this road any tougher than it has to be.
In Episode 1 of “More with McGlinchey,” our podcast on...more