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Tag: bank secrecy act

DOJ Wants Changpeng Zhao Sentenced for 3 Years

Crypto | April 24, 2024 Image: Freepik/rawpixel.comU.S. Federal Prosecutors Want Changpeng Zhao Sentenced to 3 Years (Double the Guideline)The founder of Binance, Changpeng Zhao...

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Lawsuits and Legal Battle Week… SBF Gets 25 Years Jail Term 😬

Holla, Crypto Nerds… Yeah, we’re back again.I’d say it’s a good time to be alive, Bitcoin is chasing the bulls…. Again.And the week did...

Fintech Nexus Newsletter (April 1, 2024): Sutton Bank and Piermont Bank the latest BaaS banks to be hit with consent orders

Banking as a Service (BaaS) continues to be in the crosshairs of the federal government. The latest banks to be hit with consent orders from the FDIC...

KuCoin Announces $10 Million Airdrop Amidst Legal Challenges

Exchange News The announcement follows the exchange and two of its founders being charged by the DOJ. According to Lyu’s post, the airdrop rules would be...

CFTC’s Declaration: Ethereum and Bitcoin Classified as Commodities in KuCoin Lawsuit

The Commodity Futures Trading Commission (CFTC) has taken legal action against KuCoin, a digital asset exchange, for allegedly violating the Commodity Exchange Act (CEA)...

Major Crypto Exchange KuCoin Faces U.S. Criminal Charges – The Defiant

Authorities claim that KuCoin flouted U.S. anti-money laundering laws in pursuit of growth.KuCoin, a prominent global cryptocurrency exchange, and two of its founders face...

Binance Labs Quietly Transitions to Independent Entity From Binance

Binance, the world’s leading crypto exchange by trading volume, appears to have spun off its venture capital and incubation arm, Binance Labs, as indicated...

U.S. Court Orders Binance CZ to Surrender Canadian Passport

CZ | March 14, 2024Changpeng Zhao, the founder of Binance, has been ordered by a U.S. district court to surrender his Canadian passport As...

Billion-Dollar Bank Pays $65,000,000 Fine, Faces Cease-and-Desist Order After Violating Bank Secrecy Act, Deploying Poor Risk Management – The Daily Hodl

A Los Angeles-based lender known as the ‘bank to the stars’ will pay a $65 million fine for a number of violations, including failure...

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