CoinDesk on Twitter: "FinCEN Says It Now Receives 1,500 Crypto ...

in fincen •  6 years ago 

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  • The Financial Crimes Enforcement Network (FinCEN) receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a top official said Thursday.
  • FinCEN receives more than 1,500 SARs every month regarding suspicious activities involving cryptocurrency transactions, he said.
  • The cryptocurrency field, with a focus on "exchanges, administrators and other persons involved in money transmission" related to cryptocurrencies.
  • Commodity Futures Trading Commission (CFTC) on "policy development and regulatory approaches" related to cryptocurrency.
  • He specifically cited fraud around the fundraising method as an area of focus.

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fincen ico financial crime orignal
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