FinCEN Director Kenneth A. Blanco will step down on April 9, 2021. Effective April 11, 2021, Michael Mosier will serve as Acting Director; AnnaLou Tirol was appointed to serve as Deputy Director.
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A federal court in the District of Massachusetts authorized the IRS to serve a "John Doe" summons on a Boston-based "digital currency exchanger" seeking information about as yet unidentified U.S. taxpayers who, from 2016 to 2020, conducted at least $20,000 in cryptocurrency transactions.
FinCEN issued an advance notice of proposed rulemaking seeking public comment on the development of a beneficial ownership registry under the Corporate Transparency Act.
The Treasury Department Office of Financial Research, SEC staff and Federal Reserve Board staff updated the Financial Stability Oversight Council on pandemic and climate-related risks to the financial system.
The North American Securities Administrators Association cautioned investors against "making emotional decisions" in response to social media campaigns that may negatively affect their investment strategies.