The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.

The DOJ charged a U.S. citizen with violating the International Emergency Economic Powers Act after traveling to the Democratic People's Republic of Korea and speaking at a Pyongyang cryptocurrency conference.

FinCEN Director Kenneth A. Blanco reminded market participants of their obligations to comply with AML regulations related to convertible virtual currencies.

The DOJ charged a trader and his security company with committing securities fraud, wire fraud and money laundering.

The House of Representatives passed a bill designed to reform the Bank Secrecy Act and related anti-money laundering laws.

A broker-dealer settled FINRA charges for failing to implement an adequate AML program on the firm's penny stock business.

The U.S. House of Representatives passed a bill requiring U.S. corporations and limited liability companies to disclose beneficial ownership information.

The Financial Action Task Force outlined the findings from recent anti-money laundering / countering the financing of terrorism country-specific evaluations and warned of risks associated with stablecoins.

In a joint statement, the CFTC, FinCEN and the SEC reminded those engaged in digital asset transactions to comply with anti-money laundering and countering the financing of terrorism obligations under the Bank Secrecy Act.

In its annual Bank Supervision Operating Plan, the Office of the Comptroller of the Currency listed several key areas of focus for FY 2020.