US
Last week, TD Bank agreed to pay a “historic fine” of over $3B for BSA violations linked to drugs, bribes, and human trafficking – but the fine makes up merely 1% of the banking group's revenue.
US
A Tennessee Assistant Police Chief gave a former Arizona Representative access to confidential FinCEN data in "private sector racketeering investigation", raising questions on illegitimate surveillance
International
A World Economic Forum report on digital asset regulation finds "tough" US approach "positive for the industry", recommends AI, digital identities for AML/KYC, EU stablecoin reserve requirements "too strict"
US
The Saving Privacy Act amends codifications of financial privacy laws, introduces prohibitions for central databases holding personally identifiable information and CBDCs, and reforms executive regulations and penalties.
US
In an oral statement issued on Thursday, Tornado Cash judge says code is not speech, non-custodial service providers can be money service businesses, and specific knowledge of criminal activity is not a prerequisite for charges of conspiracy to commit money laundering.
US
SEC Chair Gary Gensler expressed intent to rule on amendments to rule 3b-16 of the Exchange Act by November. Criticized as overly broad, the proposed amendments may be abused to require software publishers to obtain SEC licenses.
US
Keonne Rodriguez has been denied a freedom of movement request due to alleged flight plans. The defense cited that Rodriguez had not fled after detecting law enforcement attempted to access overseas Samourai-related servers in March of 2024. The next hearing is set for December 17th.
US
The case that put blockchain analysis on trial is moving forward with the sentencing of alleged Bitcoin Fog operator Roman Sterlingov – but not everyone's convinced that the government's got the right guy.
US
The House passed a Bill to establish an independent FinTech Working Group to foster the cooperation between intelligence and the private sector in aims to combat money laundering and terrorist financing risks.
US
The criminal case against Roman Storm is about more than just one man: it's about how the U.S. Constitution is applied to new technology and financial flows.
US
Judge grants delay of the Tornado Cash trial: are charges against Roman Storm comparable to criminally charging the creators of WhatsApp because criminals used it?
US
According to a letter dated July 3rd, the US Government and William Lonergan Hill, known as TDev, have agreed to a release on bail. Hill is set to appear before court in three days.