Category: _enforcement
OFAC And FinCEN Announce Enforcement Actions Against Bittrex
Please note that Bittrex is a crypto exchange / trading platform. Crypto exchanges are like merchants that sell and trade cryptocurrencies, while cryptocurrencies (like Monero, Bitcoin, ZCash, etc.) are the ‘products’ sold by the merchants. The failure of a merchant does not entail that there is a failure in the product. Cryptocurrency experts recommend that if you are going to…
EU’s 6th package of anti-Russian sanctions: oil embargo, banking bans, media bans
Jun 27, 2022. The European Union’s governing body has published a list of new sanctions against Moscow, accusing Russia of a “continuing war of aggression against Ukraine.” The sixth batch of restrictions since February contains a phased embargo on oil imports, restrictions against some Russian banks and broadcasters, and the blacklisting of people Brussels accuses of war crimes. The Council…
German authorities raid Deutsche Bank in money laundering investigation
Germany’s federal police office, criminal prosecutors and the country’s financial watchdog BaFin raided Deutsche Bank’s headquarters in Frankfurt on Friday, prosecutors said in a statement. The prosecutors said that a search warrant was issued by Frankfurt’s district court, based on the suspicion that unnamed Deutsche Bank employees may have violated anti-money laundering laws. They declined to give further details. Deutsche…