Searching Content indexed under Money Laundering by BakerHostetler ordered by Published Date Descending.
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FATF Releases New Cryptocurrency Guidance, International Arrests In Crypto Crimes
Late last week, the Financial Action Task Force (FATF), an intergovernmental body that sets standards for combating money laundering, terrorist financing and other threats to the integrity
16 Aug 2019
Crypto-Mining Malware, Dark Market Money Laundering, SIM Swap Hacks And FinCEN Enforcement
Two Romanian cybercriminals were convicted in Ohio on 21 felony counts related to the infecting of 40,000 computers with malware to steal credit card and other information to sell on the dark web.
United States
6 May 2019
Enforcement And Regulatory Actions By The US, FATF, Mexico, Finland And Switzerland
The United States Attorney's Office recently reported one guilty plea and another indictment involving cryptocurrency-related fraud. Last week, Jared Rice Sr.,
United States
11 Apr 2019
Cryptocurrency-Related Crime And Fraud Generates Staggering Statistics
Data published from the first full year under Japan's cryptocurrency exchange reporting regulations has shown a substantial increase in reports of suspected money laundering events –more than tenfold the amount...
United States
11 Mar 2019
New Reports Provide Data On Cryptocurrency Scams And Money Laundering
Major reports were issued this month on cyber-criminal activity.
United States
8 Feb 2019
Startup Challenges SEC Enforcement Action, International Arrests And Exchange Cooperation
Kik's Wells Response also indicates that the company is willing to litigate the issue in court.
United States
8 Feb 2019
Threat Update: Ransomware, Crypto-mining Malware, BTMs And ICO Fraud Schemes
Scammers recently delivered messages to various targets threatening to detonate explosive devices carried by an unidentified "mercenary" unless the targets paid a $20,000 ransom to a bitcoin wallet by the end of the business day.
United States
4 Jan 2019
SEC Achieves Settlements, FATF Evaluates UK, Regulator Actions In Denmark And New Zealand
The SEC was successful this week in two enforcement settlements. It obtained an order from a federal court in Texas requiring the former CEO and COO of AriseBank to pay $2.7 million to settle registration and anti-fraud violations.
United States
20 Dec 2018
Multiple Enforcement Actions In US And Abroad Seek To Quell Blockchain Industry Crimes
This week, the SEC announced that it has settled charges against the founder of EtherDelta for operating an unregistered national securities exchange.
United States
15 Nov 2018
SEC Launches FinHub, FATF Revises Cryptocurrency Guidance
Earlier this week, the SEC announced the suspension of trading in the securities of a U.S.-based retail company.
United States
31 Oct 2018
Cryptocurrency Legal Developments: Tax, Proposed Legislation, AML And CFTC
This week in a letter to IRS acting commissioner David Kautter, Senator Kevin Brady, R-Texas, chairman of the Committee on Ways and Means ...
United States
3 Oct 2018
The Regulatory Pendulum: When Is De-Risking By Financial Institutions Too Much?
In the environment of increasingly aggressive regulatory and criminal enforcement of anti-money laundering (AML) violations, concerns about de-risking have risen to the fore...
United States
22 Jun 2016
SEC Sanctions Broker-Dealer For Paper-Only AML Program
The Albert Fried settlement may indicate a new line of enforcement cases to come.
United States
14 Jun 2016
From Park Avenue To Ocean Drive, High End Residential Real Estate Transactions Under The Microscope
The U.S. government's aggressive push to combat international money laundering is entering a new phase by focusing on real estate investments.
United States
25 Jan 2016
Hedge Funds: A Look Toward 2016
BakerHostetler's Hedge Fund Industry Practice hosted a program called "Hedge Funds: A Look Toward 2016" at the New York Yacht Club that was attended by over 60 industry participants.
United States
13 Jan 2016
Foreign Corrupt Practices Act 2015 Update
The SEC's first enforcement action of the year, in January 2015, against PBSJ Corporation ("PBSJ"), resulted in a deferred prosecution agreement with a modest monetary penalty of $375,000.
United States
20 Oct 2015
AML And Investment Advisers: Understanding FinCEN's New Anti-Money Laundering Rules
In announcing the proposed rule, FinCEN Director Jennifer Shasky Calvery noted that "[i]nvestment advisers are on the front lines of a multi-trillion dollar sector of our financial system."
United States
8 Sep 2015
FinCEN Blacklists Banca Privada d’Andorra
FinCEN’s announcement discussed three examples of money-laundering activity that the bank allegedly facilitated.
United States
23 Mar 2015
FinCEN Imposes Significant Fines In A Warning To Adhere To Due Diligence Requirements
Approximately 10 years ago, Oppenheimer was fined $2.8 million by FinCEN for violations of the BSA.
United States
11 Mar 2015
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