By Vish Gain for AMLi
AMERICAN CRYPTO COMPANY BitPay has agreed to pay the US Government $507,375 to settle a civil liability case involving over 2100 violations of US sanctions programs.
Crypto, North America, Regulatory
AMLi NEWS UPDATE: American crypto payments company BitPay pays $500,000 after violating US sanctions; ‘they knew what they were doing,’ says OFAC
BitPay allowed persons who appear to have been located in the Crimea region of Ukraine, Cuba, North Korea, Iran, Sudan, and Syria to transact with merchants in the United States.
Financial Services
Former Antigua finance watchdog CEO jailed for 10 years over $7BN investment fraud
Financial Services
‘Ending the Shell Game’: Lawyers, accountants and other professionals are key ‘enablers’ of financial crimes, says OECD report
EU/Europe
Europe must bring in tougher regulations to find and recover illicit funds, says leading MEP
Financial Services
Former Antigua finance watchdog CEO jailed for 10 years over $7BN investment fraud
Financial Services
‘Ending the Shell Game’: Lawyers, accountants and other professionals are key ‘enablers’ of financial crimes, says OECD report
EU/Europe