Posts Categorized: Anti-Money Laundering

CFTC, FinCen and SEC Joint “Reminder” to Cryptocurrency World of AML Requirements

On October 11, 2019, the Commodity Futures Trading Commission (the “CFTC”), the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury and the Securities and Exchange Commission (the “SEC”) issued a joint statement reminding “persons engaged in activities involving digital assets of  their anti-money laundering and countering of financing of terrorism (“AML/CFT”) obligations under the… Read more »

FinCEN Guidance on AML Customer Due Diligence Rules to Become Fully Effective May 11, 2018

The Finance Crimes Enforcement Network (“FinCEN”) of the U.S. Treasury Department, which oversees most of the federal anti-money laundering (“AML”) regulations, issued Customer Due Diligence (“CDD”) rules on May 11, 2016, that are to become fully effective on May 11, 2018.  These rules apply to AML diligence to be done by covered U.S. financial institutions,… Read more »