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On October 15, 2020, the DOJ announced the indictment of members of the transnational criminal organization QQAAZZ.

Further, FinCEN is directed to implement rules requiring reporting of all transactions by U.S. persons in digital assets in value over $10,000 through accounts outside the United States.

The SEC’s action suggests that formal antimoney laundering program requirements for investment advisers may be on the horizon.

Montana is now officially the only state in the United States that does not have a law regulating money transmitters.

Join us for a timely and insightful conversation on the evolving landscape of anti-money laundering (AML) compliance in consumer financial services.

On August 6th, 2025, following a four-week trial, a jury found Roman Storm, the founder of a crypto mixing service called Tornado Cash, guilty of conspiracy to operate an unlicensed money transmitting business.

On July 3, 2019, the Financial Action Task Force (FATF) published an updated version (dated June 2019) of its anti-money laundering (AML) and counter-terrorist financing (CTF) standards.

In addition to imposing the fine, the Order requires the Bank's branches to submit periodic progress reports to their applicable Federal Reserve Banks detailing steps taken to comply with the conditions of the Order.

In a joint statement, the CFTC, FinCEN and the SEC reminded firms engaged in digital asset transactions to comply with the AML and countering the financing of terrorism ("CFT")

On January 22, 2010, the Financial Crimes Enforcement Network (FinCEN) reported that filings of Suspicious Activity Reports (SARs) during the first six months of 2009 for check fraud increased for all of the industries required to file SARs under the Bank Secrecy Act (BSA), as compared to the first six months of 2008.

On April 18, 2019, the Financial Crimes Enforcement Network ("FinCEN") announced its first enforcement action against a peer-to-peer virtual currency exchanger

The U.S. Department of Justice announced last week that U.K. law enforcement officials arrested, at its request, an Austrian national, Peter Weinzierl, for his alleged participation in a wide-ranging...

On June 30, the DOJ announced that a community bank entered into a non-prosecution agreement and agreed to pay more than $9.7 million to resolve an investigation into violations of the Bank Secrecy Act.

In separate CFTC, SEC and FINRA actions, a dually registered futures commission merchant ("FCM")

The Financial Action Task Force ("FATF") urged jurisdictions to take coordinated actions to prevent the misuse of virtual assets for crime and terrorism.

FinCEN held a virtual FinCEN Exchange to identify illicit financial flows and money laundering related to environmental crimes.

On July 21 2025, in a significant win for the investment adviser industry, the Financial Crimes Enforcement Network ("FinCEN") announced its intention...