On 21 March 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed Tornado Cash, a virtual currency mixer, from its list of Specially Designated Nationals and Blocked Persons (SDN List),...more
3/25/2025
/ Anti-Money Laundering ,
Blockchain ,
Chevron Deference ,
Compliance ,
Cryptocurrency ,
Delisting ,
Digital Assets ,
Economic Sanctions ,
International Emergency Economic Powers Act (IEEPA) ,
Loper Bright Enterprises v Raimondo ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management ,
SCOTUS ,
SDN List ,
U.S. Treasury
On 20 February 2025, the United States (U.S.) Department of State designated eight international cartels as Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs). The designation of...more
3/3/2025
/ Anti-Money Laundering ,
Cartels ,
Compliance ,
Economic Sanctions ,
Executive Orders ,
Financial Institutions ,
Foreign Financial Institutions (FFI) ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Risk Mitigation ,
Terrorism Funding ,
U.S. Treasury
On 13 February 2024, the Financial Crimes Enforcement Network (FinCEN) issued a groundbreaking Notice of Proposed Rulemaking (NPRM) to combat illicit finance and national security threats in the investment adviser sector. The...more
2/27/2024
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
China ,
Corruption ,
Exempt Reporting Advisers (ERAs) ,
FinCEN ,
Fraud ,
Investment ,
Investment Adviser ,
National Security ,
Notice of Proposed Rulemaking (NOPR) ,
Office of Foreign Assets Control (OFAC) ,
Patriot Act ,
Proposed Rules ,
Russia ,
Securities and Exchange Commission (SEC) ,
Suspicious Activity Reports (SARs) ,
Tax Evasion
The United States Department of the Treasury has continued to signal that it will focus policy, regulatory, and enforcement attention on the financial crime and sanctions risk in the crypto and digital asset ecosystem...more
10/26/2022
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Cryptocurrency ,
Digital Assets ,
Economic Sanctions ,
Enforcement ,
Financial Crimes ,
FinCEN ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Regulatory Oversight ,
Risk Assessment ,
Risk Management ,
U.S. Treasury