Treasury Issues 2015 National Money Laundering Risk Assessment, Highlights Vulnerabilities and Risks of MSBs

Treasury Issues 2015 National Money Laundering Risk Assessment, Highlights Vulnerabilities and Risks of MSBs

On Friday, June 12, 2015 the U.S. Department of Treasury issued National Money Laundering Risk Assessment (NMLRA) and the National Terrorist Financing Risk Assessment (NTFRA).  According to Treasury, the purpose of these assessments is to help the public and private sectors understand the money laundering and terrorist financing methods used in the United States, the risks that these… more

CoinComply and FC Strategy Group Merge to Form Stratis Advisory

CoinComply, a leader in compliance solutions for digital currency and FinTech companies, and FC Strategy Group, a provider of financial crimes advisory services, strategy, intelligence, and expert testimony to financial institutions and their legal counsel, have merged to form Stratis Advisory. The merger will enable both companies to meet growing demand for risk and compliance management solutions… more

FinCEN Director: Examinations of Virtual Currency Company BSA/AML Programs are Starting. Are you Ready?

On February 12, a number of anti-money laundering (“AML”) and Bank Secrecy Act (“BSA”) experts participated in an AML regulation panel on virtual currencies at the Foreign Affairs Cryptocurrency Forum at the Council on Foreign Relations.  Among those on the panel, including CoinComply’s Brian Stoeckert, was FinCEN’s Director Jennifer Shasky Calvery.   A number of topics were… more