The DOJ, OFAC, FinCEN and the CFTC settled enforcement actions against Binance, its CEO and former CCO. The coordinated settlements addressed charges against the digital asset exchange for CFTC registration failures and for violations of the Bank Secrecy Act and International Emergency Economic Powers Act sanctions programs.
News & Insights
The Federal Reserve Board, the FDIC, FinCEN, the NCUA and the OCC reminded banks to apply a risk-based approach when assessing customer relationships and conducting customer due diligence on anti-money laundering risks.
NFA directed member firms to a recent FinCEN Alert stressing the AML obligations of futures commission merchants and introducing brokers in the wake of recent Russia-related economic sanctions.
A federal savings bank settled OCC charges and FinCEN charges for violating Bank Secrecy Act regulations and failing to adequately implement anti-money laundering programs.
The FDIC and FinCEN opened the registration period for interested individuals to participate in the "Tech Sprint Program" to help measure the effectiveness of digital identity proofing.