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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FinCEN prohibited the transmission of funds by any covered financial institution via Bitzlato, a virtual currency exchange that FinCEN identified as being of a "primary money laundering concern" in connection with Russian illicit finance.
A virtual currency exchange settled simultaneous OFAC and FinCEN charges for violating multiple sanctions regulations and failing to implement a sufficient AML program.
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.