FinCEN Intensifies DeFi Scrutiny: Banks Consulted on Money Laundering Risks
Is the Wild West era of Decentralized Finance (DeFi) coming to an end? It seems like regulatory bodies are starting to pay closer.
FinCEN
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Crypto News
FinCEN Proposes FBAR Reporting for Cryptocurrency Holdings Over $10,000
Through a recent announcement, FinCEN requires Americans to report if they have more than $10,000 in cryptocurrencies with foreign financial institutions.
Crypto News
FinCEN Issues Warning on COVID-19 Vaccine Fraud and Ransomware Threats
The U.S. Department of Treasury Financial Crimes Enforcement Network cautions about ransomware attacks relating to Covid-19 vaccine.
Crypto News
FinCEN Proposes New Rule for Crypto Wallets, Aims to Enhance AML Standards
The U.S. FinCEN has issued a proposed rule for enhancing the regulations relating to crypto wallets to increase AML standards.
Crypto News
FinCEN Fines Helix Founder $60M for Violating Bank Secrecy Act
The Financial Crimes Enforcement Network (FinCEN) has imposed a $60 million civil penalty on Larry Dean Harmon, the founder and operator of Helix.