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FinCEN News

The Financial Crimes Enforcement Network, or FinCEN, is a bureau of the U.S. Department of the Treasury that specializes on analysis of all financial operations in order to prevent terrorist financing, money laundering, etc. FinCEN was founded in 1990 and currently is headquartered in Vienna, VA. In 2013, FinCEN issued Bitcoin and virtual currency guidance concerning creating, obtaining, distributing, exchanging, accepting or transmitting virtual currencies. By this guidance, the companies that provide cryptocurrency-related services must report all data to the government so that it can prevent money laundering. There are also definitions for various kinds of cryptocurrency users and their responsibilities while working with digital currencies.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

These week's news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress.

Law Decoded: Government sandboxes, test beds and crypto compromises, Oct. 16-23

2020-10-23T19:24:03+01:00

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FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations.

US financial watchdog fines early Bitcoin mixer $60M for money laundering

2020-10-19T19:23:56+01:00

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Malware payouts from insurance companies pose a threat to U.S. national security.

US Treasury warns crypto firms not to reimburse unknown ransomware victims

Michael Kapilkov

2020-10-01T17:39:05+01:00

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Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day.

Nexo founder feels vindicated by the FinCen leak, talks of double-standards

Michael Kapilkov

2020-09-26T01:00:00+01:00

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The leaked documents show many banks 'enabling' money laundering.

FinCEN leak suggests new AML measures may not go far enough… for banks

2020-09-21T10:00:00+01:00

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FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.”

FinCEN announces sweeping money laundering regulations overhaul

2020-09-17T06:21:04+01:00

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The U.S. will likely continue enacting laws to support the use of blockchain technology for purposes beyond securities and digital currency.

Blockchain regulation: Speedbumps, roadblocks and superhighways

2020-09-03T16:23:50+01:00

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FinCEN issued a statement on cybercrime in light of COVID-19.

FinCEN Releases Cybercrime Statement In Lieu of COVID-19

2020-07-30T17:51:00+01:00

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