Tag: bank secrecy act

Aug 09 2022

Former BitMEX exec pleads guilty to breaking Bank Secrecy Act

Gregory Dwyer a former executive of BitMEX cryptocurrency exchange has pleaded guilty in front of the Southern District of New York's US District Court to breaking the U.S. Bank Secrecy Act. In the two-year-old legal proceeding known as U.S. v. Hayes et al., where BitMEX management is accused of breaking the Bank Secrecy Act, another […] The post...

Feb 25 2022

Oct 26 2021

Not Reporting Info on Some Transaction Partners Could Soon Be a Felony

Remember the $1 trillion infrastructure bill, which caused considerable backlash from the crypto community due to the language regarding “brokers?” Abe Sutherland, an adjunct professor at University of Virginia School of Law, believes another provision tucked inside the bill could end up being a far more significant issue for anyone transacting in digital assets. Show highlights:...

Feb 01 2021

FinCEN’s Wallet Rule Aims to Close Crypto-Cash Reporting Gap, Official Says

FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.

Dec 31 2020

FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+

The Financial Crimes Enforcement Network wants U.S. persons who hold crypto in offshore accounts to report holdings over $10,000.

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