TOP STORY

Sep

21

Ransomware Transactions Land Cryptocurrency Exchange on US Blacklist

The U.S. Treasury Department blacklisted a Czech Republic-based cryptocurrency exchange on Tuesday, Sept. 21, 2021, for allegedly laundering tens of millions of dollars of ransomware payments made in Bitcoin.

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Legs & Regs

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Enforcement Actions

The Commission de Surveillance du Secteur Financier of Luxembourg imposed a reprimand on the Luxembourg-based financial institution after an on-site inspection identified anti-money laundering and counterterrorist financing deficiencies.
The Office of the Comptroller of the Currency issued a consent order against the San Francisco, CA-based financial institution requiring it to address unsafe or unsound practices regarding technology and operational risk management.