regulation
2 articles tagged "regulation"
Cybersecurity
FinCEN Proposes New Rules to Combat Cryptocurrency Money Laundering Through International Mixing Services
FinCEN has proposed new rules requiring financial institutions to report transactions involving international cryptocurrency mixing services, citing money laundering concerns. The October 2023 proposal targets mixing services used by criminal organizations while limiting requirements to institutions directly handling crypto transactions. Public comments are due by January 22, 2024.
1 Nov 2023
Cybersecurity
US Treasury Targets Cryptocurrency Mixers as Major Money Laundering Threat
The US Treasury plans to classify transactions with cryptocurrency mixers as a major money laundering concern, compelling additional oversight from financial institutions.
25 Aug 2023