FinCEN Sees Jump in Crypto-Related Suspicious Activity Reports
Crypto companies have filed 7,100 Suspicious Activity Reports since May, America’s anti-money-laundering chief said at a banking conference Tuesday.
FinCEN
Canada’s financial crimes watchdog is preparing to implement its broad new virtual currency oversight powers ahead of the Financial Action Task Force’s June 2020 deadline.
US Financial Crimes Watchdog Preparing ‘Significant’ Crypto Rules, Warns Treasury Secretary Mnuchin
Feb 12, 2020
U.S. Treasury Secretary Steven Mnuchin said FinCEN is preparing "significant new requirements" around cryptocurrencies to tamp down illicit activity.
Singapore-based Bitget has registered with the U.S. Treasury Department as a money services business, the first step to launching operations in the country.
Social networks with crypto aspirations must guard their systems against criminal exploitation, said FinCEN's deputy chief.
The new KYC requirements come a week after Poloniex completed its U.S. exit.
FinCEN
