The Department of the Treasury’s Financial Crimes Enforcement Network, also known as FinCEN, has started accepting reports on beneficial ownership information, or BOI, as part of efforts to address illicit finance. Existing
MoreThe Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a final rule to implement the security and access provisions of the Corporate Transparency Act. FinCEN said Thursday the Access Rule specifies
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A group of senators introduced a bill that would discourage foreign cryptocurrency firms from engaging with sanctioned Russian elites to prevent the latter from evading international sanctions using digital assets. The Digital
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The Government Accountability Office looked at how terrorist groups and transnational criminal organizations launder money, engage in human trafficking and move illegal drugs and found that these groups perform phony trade deals,
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The Department of the Treasury has sanctioned virtual currency exchange Chatex and its associated network of three companies for facilitating transactions for threat actors involved in ransomware attacks. The Treasury said Monday
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The Department of the Treasury’s office of foreign assets control has released guidance outlining sanctions compliance best practices for virtual currency industry stakeholders as part of efforts to counter ransomware threats. A
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