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financial crimes enforcement network

According to a press release, millions have been forfeited to the United States Government in connection with the prosecution of Ross William Ulbricht, the alleged owner and operator of the Silk Road website. This isn’t the first time Silk Road

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On Monday, U.S. Attorney General Eric Holder and Mexican Attorney General Marisela Morales Ibáñez signed a letter of intent for the United States to share approximately $6 million in forfeited funds with the Office of the Attorney General of the

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The Financial Crimes Enforcement Network (“FinCEN”) recently announced its assessment of a civil money penalty against a money transmitter based out of Westbrooke, Maine. Under the authority of the Bank Secrecy Act (“BSA”) and regulations issued pursuant to that Act,

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Furthering the U.S. Department of the Treasury’s efforts to address the potential misuse of prepaid access products, the Financial Crimes Enforcement Network (FinCEN) recently proposed adding certain tangible prepaid access devices to the list of monetary instruments to be reported

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FinCEN recently reported that a U.S. military officer used his official position to steal currency designated for war use, transferred the funds to the United States, and then spent that money on personal items. When the defendant conducted transactions with

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On October 5, 2011 the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) delivered to the Federal Register a final rule to implement section 104(e) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) to

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Last Friday, the Financial Crimes Enforcement Network (FinCEN) announced the imposition of a $25,000 civil penalty against Mohamed Sheikh for alleged violations of the Bank Secrecy Act. Specifically, the assessment alleges that Sheikh willfully violated the structuring requirements of the

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The Financial Crimes Enforcement Network, or FinCEN, is an enforcement branch of the U.S. Treasury Department. FinCEN was established in 1990 to investigate financial crimes, such as money laundering and fraud. In 1994, the branch increased in power when it

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