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 will be tasked with assessing the compliance programs of companies under DOJ investigation. This information will aid prosecutors weighing criminal charges of companies and individuals, including any remedial compliance measures. As you may recall, Ripple ...
Earlier this month, FinCEN released the latest edition of its SAR Stats publication, a compilation of quantitative and qualitative data gathered from SAR filings. The (overly and conspicuously) comprehensive 44-page report contained detailed analysis of SAR narratives, emerging trends among SAR filings, and highlights from within each of the financial sectors, including MSBs. Often overlooked, ...
Poloniex a very popular U.S. based cryptocurrency trading exchange platform will block New York residents from services beginning August 8th 2015. Users of the site have been issued an email warning letting them know they must remove funds if they reside in NY. “In accordance with the New York State Department of Financial Services, Poloniex will no longer be allowed to provide services to resi...