Main page > About the company > News and mailing > Jurisdictions news > Will the United States declare crypto exchanges as money laundering centers?

Will the United States declare crypto exchanges as money laundering centers?


				23.10.2023
						FinCEN (The Financial Crimes Enforcement Network of the US Treasury Department – Approx.) plans to declare cryptocurrency mixers as "money laundering centers" that threaten national security. 

This form of sanction will require the services to provide special reporting on any financial transactions.

FinCEN estimates that "the percentage of convertible virtual currency transactions processed by mixers and originating from likely illegal sources is increasing."

To a greater extent, the US authorities are concerned about the use of digital currencies by cybercriminals and terrorists.

Earlier, the Biden administration was called upon by American lawmakers to take decisive action to limit illegal cryptocurrency activities.

Following this, Elizabeth Warren, a member of the US Senate Banking Committee, published an article in The Wall Street Journal, where she stated that DeFi companies "must comply with the same anti-money laundering rules as banks."

Link to source: https://www.fincen.gov/sites/default/files/federal_register_notices/2023-10-19/FinCEN_311MixingNPRM_...

Back to the list

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

11/13/2023 12:08:00

Cyprus cancels "golden visas"?

The Audit Service of the Republic of Cyprus has published a report ...

Read more

11/09/2023 12:06:00

Will Cyprus return the funds to the Russian depositor?

The decision of the Limassol District Court concerning the former ...

Read more

11/07/2023 10:44:00

Italy changes tax residency rules

The Council of Ministers of Italy has given preliminary consent to ...

Read more