DOJ expert to evaluate compliance programs
This week, the U.S. Department of Justice (DOJ) announced the hiring of Hui Chen as a “full-time compliance expert”. In this role, Ms. Chen will…
2 min read
Category
Regulation
Commonwealth of Nations attacks “de-risking”, promotes digital currency
Last week, the Commonwealth of Nations, an intergovernmental association of 53 independent and equal sovereign states, discussed digital currency as one possible solution to the…
1 min read
FinCEN releases October “SAR Stats Technical Bulletin”
This, the second edition of SAR Stats, is FinCEN’s annual review of aggregated Suspicious Activity Report (SAR) filings. The 44-page PDF report contained statistical and…
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Coming soon: consistency among state licensing?
This weekend, the Uniform Law Commission (ULC), a nonprofit dedicated to creating consistency among U.S. state laws, will convene in Washington D.C. to discuss model…
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Ukraine bitcoin market is hot, but beware of U.S. regulatory sanctions
Much has been written lately about the rapid growth of bitcoin in the Ukraine. Economists and digital currency enthusiasts alike point to a myriad of…
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Isle of Man: regulatory paradise?
Earlier this week, the Isle of Man received a great deal of mainstream press, deservedly so, for its innovation-friendly climate and straightforward bitcoin regulation. The…
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AB-1326: California bitcoin regulatory bill inactive
AB-1326, “Virtual Currency”, was unexpectedly shelved earlier this week despite multiple unanimous or near-unanimous votes in the California Assembly and Senate. The bill, which would…
1 min read
BitAML President, Joe Ciccolo, leads bitcoin compliance webinar for financial crime investigators
On Tuesday, BitAML Founder & President, Joe Ciccolo, hosted a webinar “Compliance and Virtual Currencies: Debunking Myths and Responding to Real Risks” for the Association…
1 min read
Economist: “A tax on the poor. Regulation is keeping remittance unnecessarily expensive”
Last week, The Economist published an article in which it justifiably decried the high cost of foreign remittance. The article blamed a combination of factors,…
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