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.
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The CFPB, DOJ, FTC and Equal Employment Opportunity Commission reaffirmed their commitment to monitoring the development and use of artificial intelligence to ensure “responsible innovation” and protect individuals’ rights.
The DOJ filed a criminal complaint against a Vietnamese citizen for operating an online cryptocurrency “mixing” service that helped customers launder bitcoin proceeds of illicit activities.
The DOJ obtained more than $31 million to resolve allegations against a bank for engaging in redlining practices in predominantly Black and Hispanic neighborhoods in Los Angeles County and for discouraging residents in those neighborhoods from applying for mortgage loans.
A Denmark-based bank settled DOJ and SEC charges for fraud and failure to disclose deficiencies in its AML compliance program related to its Estonian branch.