2024-7-11 01:24 |
BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA), according to a Wednesday announcement from the U.S. Department of Justice (DOJ). origin »
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U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange.
2024-5-8 00:59 | |
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Changpeng "CZ" Zhao, the founder of cryptocurrency giant Binance, has been sentenced to two years in prison after pleading guilty to violating the Bank Secrecy Act, reflecting heightened regulatory scrutiny in the crypto sector.
2024-5-1 22:00 | |
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The judge has diverged from DOJ’s 36-month proposal. Some believe the judge is leaning towards a 10 to 16-month sentence. Changpeng ‘CZ’ Zhao is accused of violating the Bank Secrecy Act.
2024-5-1 21:57 | |
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Changpeng Zhao, the founder and CEO of Binance, the largest cryptocurrency exchange globally, faces a sentencing recommendation of three years imprisonment from the US Department of Justice (DOJ). This follows his guilty plea last year to charges concerning severe lapses in the company’s anti-money laundering (AML) controls, as mandated by the US Bank Secrecy Act. […]
2024-4-24 13:30 | |
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Judge accepted CZ's guilty plea for Bank Secrecy Act violations. BNB funding rate remained positive. The Binance [BNB] controversy continues, and there has been a recent update involving itsThe post Binance: Here's how BNB reacted to CZ's guilty plea appeared first on AMBCrypto.
2023-12-7 17:30 | |
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The former Binance CEO is facing a potential 10-year prison sentence for violating the Bank Secrecy Act
2023-11-27 21:09 | |
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Changpeng Zhao, former Binance CEO, faces a possible 10-year sentence for violating the Bank Secrecy Act. This follows Binance's guilty plea and a record $4. 3 billion fine for its involvement in global criminal activities.
2023-11-27 20:55 | |
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Pocket-sized Bitcoin miners are a stand against the “secrecy and exclusivity” of the Bitcoin mining industry, according to their inventors.
2023-9-5 05:37 | |
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The Attorney's Office of the Southern District of New York was investigating FTX months before its collapse The investigation was related to United States Bank Secrecy Act The most infamous The post FTX was under US prosecutors radar before collapse appeared first on AMBCrypto.
2022-11-22 01:25 | |
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BitMEX former executive Gregory Dwyer has pleaded guilty to violating the Bank Secrecy Act, according to the United States Attorney for the Southern District of New York. The post Another BitMEX executive pleads guilty to violating Bank Secrecy Act appeared first on CryptoSlate.
2022-8-9 16:00 | |
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Gregory Dwyer becomes the last one from the exchange’s management to enter a plea.
2022-8-10 11:26 | |
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A high-ranking BitMEX executive, Gregory Dwyer, has pleaded guilty to violating the Bank Secrecy Act. He faces a maximum sentence of up to five years in prison. The post BitMEX Executive Pleads Guilty to Violating Bank Secrecy Act appeared first on BeInCrypto.
2022-8-9 10:30 | |
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Ben Delo pleaded guilty to charges of violating the Bank Secrecy Act earlier this year.
2022-6-16 01:18 | |
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The picture is getting clearer for BitMEX co-founder Arthur Hayes. The judge called what he did “a willful violation of the Bank Secrecy Act,” but he still got two years probation. Hayes will serve the first six months of that sentence in home confinement, but that’s it.
2022-5-21 11:42 | |
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Arthur Hayes has been sentenced to two years of probation plus six months of home confinement for violating the U.S. Bank Secrecy Act. Hayes Sentenced A U.S. court in New...
2022-5-21 00:44 | |
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Hayes pleaded guilty to one count of violating the Bank Secrecy Act (BSA) in February, and faced a sentence of up to 12 months in prison.
2022-5-21 23:59 | |
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Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel freely His lawyers have also asked for probation with no home detention or community confinement Arthur Hayes had struck a plea deal that would result in a prison sentence of 6 to 12 months The founder of Bitmex and former CEO, Arthur Hayes, is requesting leniency from […]
2022-5-6 20:36 | |
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Anchorage Digital Bank has agreed to remedial action and will appoint a Bank Secrecy… The post OCC issues Consent Order against Anchorage Digital Bank over AML violations appeared first on Coin Journal.
2022-4-22 01:33 | |
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2022-2-26 18:42 | |
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The US Department of Justice said on Thursday that BitMEX founders had entered a guilty plea to charges of violating the Bank Secrecy Act by failing to set in place an anti-money laundering system. Benjamin Delo and Arthur Hayes, two of the co-founders, have agreed to each pay a $10 million fine as part of […]
2022-2-25 11:00 | |
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Arthur Hayes and Benjamin Delo will each have to pay a fine for their part in flouting the Bank Secrecy Act and operating what the DOJ called a “money laundering platform.”
2022-2-25 09:00 | |
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Swiss bank secrecy laws have protected Credit Suisse from having to disclose whether it was banking criminal activity, which is a far cry from the transparency blockchain technology offers.
2022-2-21 06:55 | |
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Former chief executive officer of cryptocurrency exchange BitMEX, Arthur Hayes, has turned himself into the US authorities on Tuesday in the case against the platform, him and other top executives, Benjamin Delo and Samuel Reed, for violating the Bank Secrecy Act.
2021-4-8 19:14 | |
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Arthur Hayes, founder and former CEO of BitMEX, finally surrendered to U. S. authorities in Hawaii to face charges that the crypto derivatives exchange and its executives violated the Bank Secrecy Act, according to a Bloomberg report.
2021-4-7 17:35 | |
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A co-founder of bitcoin derivatives exchange BitMEX, Benjamin Delo, surrendered to U.S. authorities on Monday. Delo, alongside fellow co-founders Arthur Hayes (CEO) and Samuel Reed (CTO), were charged with violating the Bank Secrecy Act and conspiracy to violate the Bank Secrecy Act by the Commodities Futures Trading Commission (CFTC) and the Department of Justice back […]
2021-3-16 13:40 | |
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U. S. Senator-elect from Wyoming, Cynthia Lummis, shares her “deep” concerns with the Treasury Department considering “a hasty rule” to govern the self-hosted digital asset wallets and the Bank Secrecy Act.
2020-12-18 21:16 | |
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The Financial Crimes Enforcement Network charged Larry Dean Hamon, the founder, and CEO of bitcoin mixer Helix and Coin Ninja, for violations of the Bank Secrecy Act. FinCEN imposed a penalty of $60,000,000.
2020-10-20 18:24 | |
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The US Financial Crimes Agency imposed a $60 million fine on the founder and administrator of Helix and Coin Ninja, a bitcoin mixer operator, for violating bank secrecy laws.
2020-10-25 14:14 | |
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FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations.
2020-10-20 21:23 | |
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Crypto analyst Willy Woo has recently voiced his inclination on the great confidence he still has in Bitcoin despite its dwindling market price. According to Woo, the market has been unjustly overawed because BitMEX wasn’t hacked but its founders were charged by the CFTC for violating the US Bank Secrecy Act. He also states “No […]
2020-10-7 01:16 | |
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Prosecutors in the United States filed criminal charges against BitMEX, accusing it of violating the federal Bank Secrecy Act. The CFTC has been investigating one of the biggest derivatives exchanges for some years now.
2020-10-3 19:31 | |
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Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U. S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences.
2020-10-3 14:00 | |
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The US Attorney's Office opened a criminal case against the founders and heads of the BitMEX crypto exchange. The US Trading Futures Commission also accuses BitMEX of violating various AML and bank secrecy laws.
2020-10-3 23:11 | |
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Arthur Hayes and other Bitmex executives have been indicted for violating the Bank Secrecy Act said the Attorney’s Office for the Southern District of New York. Arthur Hayes, Benjamin Delo,...
2020-10-3 20:17 | |
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Update 2: In a reaction to the CFTC levying charges against BitMEX, the latter released an official statement that read: “We strongly disagree with the U.S. government’s heavy-handed decision to The post CFTC charges Bitmex co-founders for violating Bank Secrecy Act appeared first on AMBCrypto.
2020-10-2 19:28 | |
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The head of the agency that enforces the Bank Secrecy Act and KYC requirements in the U.S. says the agency aims to help crypto innovate responsibly.
2020-5-28 23:04 | |
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Top financial regulators in the United States, including the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN) have issued a joint statement reminding cryptocurrency market participants of their anti-money-laundering (AML) and counter-terrorist financing obligations under the Bank Secrecy Act (BSA), reports EconoTimes on October 14,Read MoreRead More.
2019-10-14 17:00 | |
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Cryptocurrencies have the potential of revolutionizing the financial world soon. The only problem is that it is widely used for criminality and other illegal acts like drug trade and even human trafficking.
2019-9-9 21:05 | |
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The Financial Integrity Network is urging the U.S. Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act
2019-9-3 21:52 | |
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Good morning, and welcome to Moonday Mornings. Let’s take a look at the cryptocurrency and blockchain headlines from over the weekend. 1. The US Internal Revenue Service (IRS) is going after digital asset traders and has begun sending them letters asking that they report their cryptocurrency holdings and pay their taxes, Coindesk reports.
2019-7-29 10:55 | |
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To serve as a reminder to persons who have the Bank Secrecy Act (BSA) obligations, the U. S. Financial Crimes Enforcement Network (FinCEN) on May 9, 2019, issued interpretive guidance. The guidance focuses on how FinCEN money services businesses (MSBs) regulations apply to certain ventures that deal with money transmission whose value is not denominated inRead MoreRead More.
2019-5-13 20:00 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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After first issuing cryptocurrency guidance back in 2013, enforcement by the Financial Crimes Enforcement Network (FinCEN) has been out of the headlines in recent years. Now the bureau of the US Department of the Treasury is back on the bitcoin beat and taking action — dishing out a hefty fine to a prolific bitcoin trader accused of wilfully violating the Bank Secrecy Act by failing to register as an exchange.
2019-4-25 16:00 | |
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The Financial Crimes Enforcement Network (FinCEN), a bureau within the U. S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML regulations, among other violations.
2019-4-20 23:38 | |
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The United States Financial Crimes Enforcement Network (FinCEN) has ordered Eric Powers, the operator of a peer-to-peer Bitcoin exchange, to pay a fine of $35,000 for willfully violating the Bank Secrecy Act’s (BSA) registration for failing to register as a money services business, according to a press release on April 18, 2019.
2019-4-20 23:00 | |
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The number of illegal activities in the world of digital assets has always kept law enforcement agencies on their toes. New reports revealed that the Financial Crime Enforcement Network [FinCEN] of the United States has penalized Eric Powers, a peer to peer Bitcoin [BTC] trader for violating the Bank Secrecy Act and its sub-clauses, including, […] The post Bitcoin [BTC]: Financial Crime Enforcement Network raises penalty on trader for violating banking norms appeared first on AMBCrypto.
2019-4-20 22:30 | |
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“The point is to get people to think about bitcoin, not spend it. I don’t think it’s good for that. It’s not meant to be used like cash,” Jeremy Gardner, founder of Ausum Ventures, advised me.
2019-1-15 17:50 | |
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The American financial industry regulatory authority, FINRA, has fined wall Street bank Morgan Stanley for violating anti-money laundering (AML) rules over a period of five years, reported Finance Magnates on December 26, 2018.
2018-12-29 15:00 | |
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For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
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CipherTrace revealed research Monday showing that the top 10 retail banks by assets managed in the U.S. worked with unregistered crypto money services businesses by transmitting funds on their payment networks.