Category: bank secrecy act

US says digital assets are covered by money laundering and disclosure laws

Post author By Randall
Post date October 13, 2019
Categories In bank secrecy act, cftc, Cryptocurrency, disclosure, fcen, finance, gear, government, Internet, money laundering, Politics, regulation, Sec, Tech

[ad_1] US regulators issued a blunt warning to cryptocurrency holders who think they're not beholden to the usual rules. The Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network have put… [ad_2] Source link

US Treasury has ‘serious concerns’ Libra could be used for terrorism

Post author By Randall
Post date July 15, 2019
Categories In anti-money laundering council, bank secrecy act, business, Cryptocurrency, cyber crime, Facebook, financial crimes enforcement network, Internet, libra, money laundering, national security, Politics, ransomware, regulation, safeguards, steven mnuchin, Tech, terrorism, tomorrow, treasury department, trump administration, us

[ad_1] According to Mnuchin, the US has been at the forefront of regulating entities that provide cryptocurrencies. It has also seen cryptocurrencies exploited to support illicit activities including cyber crime, tax evasion, extortion, ransomware, human trafficking and more. Still, Mnuchin said the US “welcomes responsible innovation, including new technologies that may improve the efficiency of […]