News & Insights

17 Results
August 10, 2021

A derivative exchange specializing in the trading of products based on virtual currencies settled CFTC and FinCEN charges for operating as an unregistered futures commission merchant and for Bank Secrecy Act violations.

September 17, 2020
Commentary by Christian Larson

FinCEN solicited comment on potential amendments to the rules under the Bank Secrecy Act that would specify the elements of "an effective and reasonably designed" AML program.

August 21, 2020
Commentary by Christian Larson

NFA recommended that its member futures commission merchants and introducing brokers review FinCEN's recently issued FAQ concerning customer due diligence in order to ensure that their AML programs meet CDD-related regulatory obligations