Page 8 - Customer Identification Program News Today

The trial over the money laundering allegations against cryptocurrency derivatives exchange BitMEX is scheduled to start in March 2022. What Happened: According to Law360, New York District Judge John Koeltl scheduled the trial of BitMEX executives for March next year. The defendants are the exchanges CEO Arthur Hayes, co-founder Benjamin Delo, and Chief Technology Officer Samuel Reed. The BitMEX executives are accused of violating the Bank Secrecy Act and anti-money laundering laws and f...

Legal Disclaimer You are responsible for reading, understanding and agreeing to the National Law Reviews (NLR’s) and the National Law Forum LLCs  Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not b...

To embed, copy and paste the code into your website or blog: Federal regulators are increasing their scrutiny of companies compliance with Anti-Money Laundering and Bank Secrecy Act Obligations, and if January is any indication, 2021 will be a record year for penalties. Just in the last two months, regulators have imposed more than $200 million in penalties on corporations. For example, the Federal Deposit Insurance Corporation (FDIC) assessed a $12.5 million penalty against a company for unspe...

Tuesday, March 2, 2021 Federal regulators are increasing their scrutiny of companies compliance with Anti-Money Laundering and Bank Secrecy Act Obligations, and if January is any indication, 2021 will be a record year for penalties. Just in the last two months, regulators have imposed more than $200 million in penalties on corporations. For example, the Federal Deposit Insurance Corporation (FDIC) assessed a $12.5 million penalty against a company for unspecified AML violations; and t...

KSL TV SALT LAKE CITY – An email has been circulating, supposedly from the popular money transfer app, Venmo, that asks users for personal information. Sometimes, businesses do need to get ahold of us for legitimate reasons. At other times, it could be a fraudster sending a phished email, hoping to lure people into a scam – hook, line and sinker. So, how do you know which is which? "She sent me an email saying that my account has been hacked," said Cameron Howell about his encounter with a ...