[ad_2][ad_1] Larry Dean Harmon, owner and operator of the Helix and Coin Ninja coin blending services was struck with a $ 60,000,000 civil fine from the Financial Crimes Enforcement Network (FinCEN) for violating the Bank Secrecy Act (BSA), which is key US anti-money laundering legislation and that was only used …
Read More »All-Crypto retirement accounts will be fined: Australian Tax Office
[ad_2][ad_1] The Australian Tax Office (ATO) sent warning letters to investors who placed most of their savings in cryptocurrency. As part of an ATO effort to warn against high-risk retirement investment strategies, 18,000 self-managed fund owners (SMSFs), a type of privately owned retirement account, was said they would have to …
Read More »Crypto is strengthening its game against money laundering, while banks are still fined for non-compliance
[ad_1] In 2018, just a month passed without an official at a financial institution or a government department invoking cryptography to clean up his act. Only in the last quarter of the year, the US Treasury Department, the Canadian Parliament and the Russian Federal Financial Monitoring Service have all solicited …
Read More »Ohio embraces bitcoins and celebrities fined for ICO ads
[ad_1] CCN is expanding. Are you our next full-time West Coast USA reporter? Send us your CV and examples here. The last week of November was tax, regulation and enforcement of the SEC for Bitcoin and the largest cryptographic ecosystem. Main titles Sirin Labs launches FINNEY: The world's first blockchain …
Read More »Floyd Mayweather and DJ Khaled have been fined for promoting ICO cryptocurrency
[ad_2][ad_1] Getty Images Floyd Mayweather and DJ Khaled resolved the cases brought by the Securities and Exchange Commission claiming that they did not disclose the payments received to promote the first cryptocurrency money (ICO) offers on social media. Mayweather and Khaled agreed to pay multiple fines totaling over $ 750,000. …
Read More »The US Man fined $ 1.1 million, sentenced to 15 months for fraudulent Bitcoin, Litecoin Schemes
[ad_2][ad_1] US citizen Joseph Kim of Phoenix, Arizona, was fined $ 1.1 million and sentenced to 15 months in prison for misappropriation of Bitcoin (BTC) and Litecoin (LTC) by several people, the report of the Commodity Futures US Trading Commission (CFTC) on Friday 9 November. The CFTC found that Kim …
Read More »The Bitcoin trader fined $ 1.1 million for the Bitcoin and Litecoin scheme
[ad_2][ad_1] According to the press release, a resident in Arizona was incarcerated and fined $ 1.1 million from the Commodity Futures Trading Commission (CFTC) for managing a fraudulent Bitcoin and Litecoin program. Joseph Kim of Pheonix, Arizona, admitted that he had orchestrated a fraudulent scheme of Bitcoin and Litecoin that …
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