Category: Regulators
Aussies: banks didn’t conspire to derisk bitcoin
February 24, 2016
The Australian Competition and Consumer Commission (ACCC) determined that there was no evidence banks colluded prior to closing accounts held by bitcoin companies. Ultimately,...
Rethinking “structuring”
February 24, 2016
The tactic of breaking up financial transactions in an effort to evade certain reporting requirements, including the $10,000 CTR threshold, is back under the...
FinCEN targets cash real estate deals. Takeaways for bitcoin MSBs?
January 22, 2016
Recently, FinCEN issued a Geographic Targeting Order (GTO) requiring certain title agencies in New York and Miami to identify cash buyers of real estate....
BitLicense just an appetizer.
January 22, 2016
What a way for the New York Department of Financial Services (NYDFS) to end the year. Since Ben Lawsky’s departure in May 2015, the...
North Carolina exempts certain bitcoin businesses
December 10, 2015
North Carolina appears to have reversed course when it comes to regulating bitcoin companies in The Tar Heel State. The North Carolina Office of...
Regulators Are Warming Up to Digital Currency
November 19, 2015
Recently, BitAML Founder & CEO, Joe Ciccolo, sat down with Cointelegraph to discuss bitcoin regulation, the future of cryptocurrencies, and even legacy banking. “In...
DOJ expert to evaluate compliance programs
November 6, 2015
This week, the U.S. Department of Justice (DOJ) announced the hiring of Hui Chen as a “full-time compliance expert”. In this role, Ms. Chen...
FinCEN releases October “SAR Stats Technical Bulletin”
October 15, 2015
This, the second edition of SAR Stats, is FinCEN’s annual review of aggregated Suspicious Activity Report (SAR) filings. The 44-page PDF report contained statistical...
Coming soon: consistency among state licensing?
October 8, 2015
This weekend, the Uniform Law Commission (ULC), a nonprofit dedicated to creating consistency among U.S. state laws, will convene in Washington D.C. to discuss...
