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Bitcoin and how not to be anonymous

As crypto currencies become more prevalent people are starting to figure out that crypto currencies do not necessarily provide anonymity. Case in point Maksim Boiko a.k.a. “Gangass”. On March 27, 2020 the Department of Justice unsealed an affidavit for a criminal complaint and arrest warrant against Mr. Boiko alleging conspiracy to commit money laundering. In … Read more Bitcoin and how not to be anonymous

FinCen accesses a civil penalty of $450,000 against a former risk officer

Overview On March 4, 2020 issued a settlement agreement with U.S. Bank’s former Chief Operational Risk Officer Michael LaFontaine whereby FinCen fined Mr. LaFontaine $450,000 and banned him from a compliance role for six years. The settlement agreements state the reason for the actions is due to “his failure to prevent violations of the Bank … Read more FinCen accesses a civil penalty of $450,000 against a former risk officer