Tag
FinCEN
7 articles
Binance Blocks MEXC Over $16B Illicit Finance Allegations
Binance halted all transactions with MEXC after FinCEN designated the exchange a money laundering concern, citing $1.5 billion tied to Russian sanctions evasion.
Noncustodial Label Won't Shield Crypto Wallets From Money Transmitter Rules
Wallets with integrated swaps, recovery tools, or payment features must analyze actual activities to determine federal and state licensing obligations—the noncustodial claim alone won't suffice.
FinCEN Withdraws Unhosted Wallet and Mixer Surveillance Rules
Treasury's Financial Crimes Enforcement Network formally withdrew two crypto surveillance proposals, citing White House support for private digital asset transactions.
FinCEN Flags $12.7 Billion in Crypto Scams Tied to Southeast Asia Networks
Treasury's financial crimes unit traced over 33,000 suspicious transaction reports filed between September 2023 and December 2025 to criminal operations in Myanmar and Cambodia targeting U.S. investors.
FinCEN Flags $12.7 Billion in Crypto Scams Tied to Southeast Asia Operations
Treasury's financial crimes unit identified nearly 34,000 suspicious filings linked to 'pig butchering' fraud schemes targeting American victims
Treasury Links $12.7B in Suspected Crypto Scams to Southeast Asian Networks
FinCEN analysis of 33,904 Bank Secrecy Act reports reveals criminal organizations using fake personas and stablecoin conversions to defraud U.S. investors
Treasury Permanently Exempts U.S. Companies From Ownership Reporting
Treasury Secretary Scott Bessent finalized a rule scrapping Biden-era requirements that would have forced roughly 32 million businesses to disclose their beneficial owners to FinCEN.