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The DOJ’s National Cryptocurrency Enforcement Team and Treasury’s OFAC are setting their sights on cryptocurrency use in cybercrimes. The US Department of Justice (DOJ)...
Guidance Demonstrates OFAC’s Expectations for Sanctions Compliance by Cryptocurrency Industry - On October 15, 2021, the Office of Foreign Assets Control (“OFAC”) of the...
To embed, copy and paste the code into your website or blog: One driver for the first widely adopted cryptocurrency Bitcoin was to create a store of value that existed outside of government control. It is therefore no surprise that attempts to regulate the rapidly developing crypto asset market have required great efforts from regulators and legislators around the world to keep apace. In this blog, we compare key drivers and results of the regulatory approach being taken in the US and UK. While the U.S. is leading the way on the enforcement of crypto regulations, the UK has taken greater ste...
Friday, January 8, 2021 One driver for the first widely adopted cryptocurrency Bitcoin was to create a store of value that existed outside of government control. It is therefore no surprise that attempts to regulate the rapidly developing crypto asset market have required great efforts from regulators and legislators around the world to keep apace. In this blog, we compare key drivers and results of the regulatory approach being taken in the U.S. and UK. While the U.S. is leading the way on the enforcement of crypto regulations, the UK has taken greater steps in relation to banki...
Wednesday, January 6, 2021 In recent years, the federal government’s financial fraud enforcement priorities have been largely consistent and robust. But in 2020, the pandemic appeared to cause government authorities to focus more resources to combat financial fraud as it related to COVID-19. In 2021, we may see an uptick in enforcement actions because of new priorities set by a Biden administration and because of fraudulent activities associated with the pandemic. As discussed below, there are multiple areas of financial fraud enforcement to watch. Insider Trading Over the last de...