News about FINCEN

News about Fincen

FinCEN Proposes Insane Special Measures - Bitcoin Magazine

FinCEN Proposes Insane Special Measures& & Bitcoin Magazine

FinCEN issues warning about virtual currency being used to finance terrorist organizations

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FinCEN Targets Crypto Mixers in Fight against Terrorist Financing

The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) has classified cryptocurrency mixers as a significant hub for money laundering activities. This action aims to increase scrutiny of crypto transactions due to the increasing u...

FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns

The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations...

FinCEN proposes designating crypto mixers as money-laundering hubs

The U.S. Treasury previously targeted individuals connected to Tornado Cash, but its proposed actions on mixers followed concerns that Hamas was financed in part by crypto....

Coin Center Questions Tornado Cash Indictments in Light of FinCEN Guidance

The US Office of Foreign Asset Control accused former Tornado Cash creators Roman Storm and Roman Semenov for conspiracy to run an unauthorised money-transmitting company. The crypto community worries about the indictment's FinCEN compliance. Peter V...

New Tornado Cash indictments seem to run counter to FinCEN guidance - Our initial thoughts on a case that could potentially criminalize the publication of software code

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US FinCEN Links Binance To This Distressed Crypto Exchange

The ongoing investigation into the Binance crypto exchange has uncovered shocking news. U.S. law enforcement agencies have investigated the crypto exchange for allegedly not complying with sanctions and facilitating money laundering. Recently, an ord...

FinCEN lists Binance among the top Bitcoin counterparties of Bitzlato - Cointelegraph

FinCEN lists Binance among the top Bitcoin counterparties of Bitzlato& & Cointelegraph

FinCEN lists Binance among the top Bitcoin counterparties of Bitzlato

FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato. The United States Financial Crimes Enforcement Network...

OFAC And FinCEN Charged Bittrex Exchange For Over $53 Million

Treasury’s Foreign Asset Control (OFAC) and Financial Crime Enforcement Network (FinCEN) have set charges against the Bittrex crypto exchange for violating anti-money laundering rules and the other U.S. sanction programs. Washington-based crypto exch...

US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex

Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”...

Huobi Expansion Highly Likely After It Receives FinCEN License

The United States expansion for Huobi has gone a step further. This is valid as HBIT secures its MSB (Money Service Business) license from the US FinCEN (Financial Crimes Enforcement Network). HBIT is a subsidiary of the digital currency exchange pla...

US expansion for Huobi a step closer after it secures a FinCEN license

It says users in the United States can expect digital asset services to come in the future. A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has recei...

FinCEN acting director says PATRIOT Act provision isn't 'right sized' for crypto enforcement

Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto.In a Thursday hearing of the...

FinCEN Warns Russia Not To Use Cryptocurrency To Evade Sanctions

The FinCEN, an agency of the US treasury department, has informed all financial institutions that Russia may likely consider using cryptocurrency to evade sanctions associated with its military activities in Ukraine. The current director of FinCEN, H...

FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion&#x...

Crypto In The Spotlight, Why FinCEN Issued Alert Of Sanction Evasion

The U.S. Financial Crimes Enforcement Network (FinCEN) has joined the list of international entities raising concerns over crypto aiding Russia to evade sanctions. The country was hit by unprecedented financial penalties after it invaded Ukraine. Rel...

FinCEN includes crypto in alert on Russia potentially evading sanctions

The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider crypto as a possible means Russia may attempt to use to evade sanctions related to the country’s mil...

FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware

FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants out there. The organization stated in a report issued last week that the mean average total monthly susp...

Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC

Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end inves...

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