Sport: US says digital assets are covered by money laundering and disclosure laws - - PressFrom - US
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Sport US says digital assets are covered by money laundering and disclosure laws

03:20  14 october  2019
03:20  14 october  2019 Source:   msn.com

FBI arrests former state trooper accused of money laundering, falsifying government documents

  FBI arrests former state trooper accused of money laundering, falsifying government documents Former state trooper Rene Algara started working with DPS in February 2016 and was assigned to the Highway Patrol Division in Cochise County. The FBI investigation remains active, the release stated.

US regulators issued a blunt warning to cryptocurrency holders who think they're not beholden to the usual rules. The Securities and Exchange Commission, the The Bank Secrecy Act's rules "apply very broadly," the officials said . Just how someone registers with regulators depends on what they're doing.

digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity. Trading and investing in digital assets have fallen into a regulatory gray area as to which existing laws apply. However, on Friday the regulators said

US regulators issued a blunt warning to cryptocurrency holders who think they're not beholden to the usual rules. The Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network have put out a joint statement to "remind" people that digital assets like crypto, tokens and other digital assets are subject to laws that bar money laundering and require reporting of suspicious activity. The Bank Secrecy Act's rules "apply very broadly," the officials said.

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Just how someone registers with regulators depends on what they're doing. Commodity traders and financial institutions will have different expectations, for instance. However, it's really a question of who you talk to rather than talking to someone in the first place.

Supercars seized from politician auctioned in Switzerland

  Supercars seized from politician auctioned in Switzerland A collection of luxury supercars seized from the extravagant vice president of Equatorial Guinea as part of a corruption probe were auctioned in Switzerland on Sunday. © Bonhams Swiss authorities seized the vehicles in 2016 after an investigation into money laundering. The sale -- organized by London-based auction house Bonhams -- saw 25 vehicles sold that once belonged to Teodoro Nguema Obiang Mangue, the son of the central African nation's longtime leader. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of That notice and other regulatory guidance should pave the way for more traditional investors to hold digital asset securities, analysts have said .

digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity. Trading and investing in digital assets have fallen into a regulatory grey area as to which existing laws apply. However, on Friday the regulators said

The move could help clear the air for investors and traders who've been looking for a firm government stance on the subject. Simultaneously, it's an explicit alert to those who might use cryptocurrencies to fund terrorism or other criminal operations. They could find themselves charged with financial crimes on top of any other offenses.

US CFTC

Four flight attendants were arrested in Miami's airport after bringing in thousands in cash, police say .
Four American Airlines flight attendants were arrested at the Miami International Airport and charged with money laundering after bringing large amounts of cash into the country, police said. © Miami-Dade County Four American Airlines flight attendants were arrested at Miami International Airport for money laundering during a routine customs check on Monday, Oct. 21, according to a police report from Miami-Dade police. The airline says it's working with law enforcement on their investigation.

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