Search Results for: FinCen
US authorities throw the book at Ripple Labs
May 6th, 2015
Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange. According to the charge sheet brought by US authorities, Ripple Labs, and its ...
CEX.IO Bitcoin Exchange Officially Enters the USA Market
May 5th, 2015
CEX.IO is glad to announce the official launch of the operation in the USA. Now, US customers from certain states are able to deposit and withdraw fiat money. CEX.IO has obtained an MSB (Money Services Business) status in FinCEN, a bureau of the U.S. ...
SEC Charges Oppenheimer
January 28th, 2015
The Securities and Exchange Commission today charged Oppenheimer & Co. with violating federal securities laws while improperly selling penny stocks in unregistered offerings on behalf of customers. Oppenheimer agreed to admit wrongdoing and pay $10 million to settle the ...
Bitcoin Needs an Aggressive Legal Defense
November 25th, 2014
Across the board, bitcoin requires forceful and aggressive legal defense, not complicity with governments in crafting policy and regulations. It’s going to get a lot rougher for bitcoin in the months and years ahead. We have to be prepared. ...
FATCA Letters Promise Disclosure To IRS, What To Do?
November 12th, 2014
If you have a bank account anywhere outside the U.S., chances are you will receive a letter saying that your bank must hand over the details of any American accounts, including yours. The letters vary with the country and ...
U.S. lawmakers probe Treasury unit’s hiring, will object to Obama nominee
June 3rd, 2014
Two powerful congressmen have opened separate inquiries into whether a Department of the Treasury bureau charged with policing money laundering may have flouted federal hiring rules, including regulations that require military veterans be given preference for government jobs. Darrell ...
