News & Analysis as of September 20, 2024

Virtual Currency › Forfeiture

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

DOJ Demonstrates its Ability to Track Illegal Foreign Funds Laundered Through Crypto; Financial Institutions Must Keep Up

Orrick, Herrington & Sutcliffe LLP on 9/2/2020

The Department of Justice (DOJ) announced last week and earlier this month civil forfeiture actions brought by the United States Attorney’s Office for the District of Columbia to seize stolen or laundered virtual currency...more

2016 Year in Review: Money Laundering (Part Two)

Ballard Spahr LLP on 2/7/2017

In part two of our review of the 2016 developments in Anti-Money Laundering (AML), the Bank Secrecy Act (BSA), the criminal money laundering statutes, forfeiture, and related issues, we discuss four additional key topics... ...more

28 Million Dollars in Bitcoins Deemed Forfeited to the U.S. Government

Pillsbury - Internet & Social Media Law Blog on 1/30/2014

The United States Attorney's Office for the Southern District of New York announced the forfeiture of approximately 29,655 Bitcoins in connection with the seizure of the Silk Road website....more

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Virtual Currency › Forfeiture

DOJ Demonstrates its Ability to Track Illegal Foreign Funds Laundered Through Crypto; Financial Institutions Must Keep Up

2016 Year in Review: Money Laundering (Part Two)

28 Million Dollars in Bitcoins Deemed Forfeited to the U.S. Government

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