Tagged: kenneth blanco

$4.4 Billion in Cryptocurrency-related Thefts Scams Recorded in 2019 but Scams Decline During Q3: CipherTrace Report

CipherTrace, an established crypto and blockchain intelligence company, has published its Q3 2019 Cryptocurrency Anti-Money Laundering (AML) report. The report addresses “cryptocurrency regulation, nefarious actors within the ecosystem, impending legislation, international trends and prevailing sentiments,” according to a press release shared with CrowdFund Insider. The… Read More

FinCEN Director Kenneth Blanco Says US Government will Strictly Enforce Rule Requiring Cryptocurrency Firms to Share User Data

The US government will reportedly be enforcing a rule which requires companies dealing in cryptocurrencies, including digital asset wallet providers and exchanges, to share details about their clients. This, according to Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN). The “travel rule” for… Read More

FinCEN Director: Casinos Must Report Suspicious Transactions, Including Suspect Use of Cryptocurrencies

America’s federal financial crimes enforcement agency, FinCEN, has noticed “a gap” in the reporting of illicit use of cryptocurrencies at casinos and card clubs in recent years, the agency’s director told attendees at the 12th Annual Las Vegas Anti-Money Laundering Conference this week. Director Kenneth A…. Read More

FinCEN Director: Agency Receiving 1500 Reports of Suspicious Transactions Involving Cryptocurrencies Per Month

FinCEN Director Kenneth A. Blanco told an audience at the  NYU Law Program on Corporate Compliance and Enforcement earlier this month that his agency is receiving 1500 reports of suspicious transactions involving cryptocurrencies per month- 500 more than it receives regarding regular transactions. Blanco has… Read More

FinCEN Fines and Bars Independent Cryptocurrency Exchanger

The Financial Crimes Enforcement Network (FinCEN), part of the US Department of Treasury, has fined the operator of a peer-to-peer cryptocurrency trading service $35,350 USD and barred him from money-transmitting, “for willfully violating the Bank Secrecy Act’s (BSA) registration, program, and reporting requirements.” In a release… Read More

FinCEN Director Kenneth Blanco Addresses Tough Topic of Cryptocurrency, Attorney Joshua Klayman Adds Insight to Topics Discussed

This week, at an event in Chicago that focused on legal questions swirling around the emerging cryptocurrency industry, FinCEN Director Kenneth Blanco delivered a much anticipated speech regarding his agency’s thoughts on digital assets and virtual currencies. FinCEN is part of the US Department of… Read More

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