Tag: BSA’s AML program
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US Treasury Charges Bittrex of violating sanctions, and the cryptocurrency exchange agrees to make a deal with the regulator
The Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) of the U.S. Treasury department announced on October 11 that charges against the cryptocurrency exchange Bittrex had been resolved. Between March 2014 and December 2017, the cryptocurrency exchange was charged with breaking sanctions and failing to “implement effective sanctions compliance controls.”…