Last week, New York State Department of Financial Services (NYDFS) left no doubt that it will continue to actively regulate cryptocurrency despite the pullback in law enforcement efforts by the federal government, including...more
8/13/2025
/ Anti-Money Laundering ,
BitLicense ,
Consent Order ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
New York ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Oversight ,
Regulatory Requirements ,
Stablecoins
On September 15, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) announced its first “Gap Rule” enforcement action in a Consent Order with Bancrédito International Bank and Trust...more
9/26/2023
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Bribery ,
Consent Order ,
Enforcement Authority ,
Financial Institutions ,
FinCEN ,
Office of Foreign Assets Control (OFAC) ,
Puerto Rico ,
Suspicious Activity Reports (SARs) ,
Terrorism Funding ,
U.S. Treasury