Bank Secrecy Act News

Crypto exchange Binance has countered an SEC filing, arguing that the points presented by the regulator did not apply to the specific conduct it was analyzing. In a Dec. 12 filing, Binance, its U.S. counterpart Binance.US, and founder Changpeng Zhao…

A former senior executive of major cryptocurrency derivatives exchange BitMEX has pled guilty to contravening the Bank Secrecy Act (BSA), an offense that carries a maximum prison sentence of five years.  Dwyer Agrees to Pay $150K Fine for BSA Violation …

The US president elect Joe Biden will allegedly issue a freeze of all ‘midnight’ regulations set in the final days of Trump’s presidency. According to the transition spokesperson Jen Psaki, Biden will issue a memo on the inauguration day halting…