Monthly Archives: October 2020

FinCEN Fines Bitcoin Exchanger $60M for AML Violations

On October 19th, the founder, administrator, and primary operator of a pair of virtual currency platforms was assessed a $60 million civil penalty by the Financial Crimes Enforcement Network (FinCEN) for violations of the Bank Secrecy Act (BSA) and its implementing of anti-money laundering (AML) regulations. Larry Dean Harmon was indicted in the U.S. District [...]

October 20th, 2020|