On November 16, 2018 the SEC settled an unregistered ICO case with the issuer, Paragon Coin. See https://www.sec.gov/litigation/admin/2018/33-10574.pdf. It doesn’t get […]
Category: RegTech
The Strip Club – Is Membership Now Closed?
With today’s announcements from the US Attorney for the Southern District of New York, OFAC, Federal Reserve, New York State […]
Central Bank Digital Currency?
Christine Largarde, Managing Director of the IMF, introduced the concept of a Central Bank Digital Currency, in a speech at […]
Swiss Regulator FINMA criticizes Societe General’s lack of an EVOC – Enterprise View of the Customer
https://www.finma.ch/en/news/2018/09/20180917-mm-gwg-cs/ Not being able to impose monetary penalties, Swiss financial supervisor FINMA concluded two enforcement procedures against Credit Suisse AG. […]
Cannabis, Congress, and Courage – Why Banks are not Banking Marijuana Related Businesses
In January 2018, Attorney General Sessions “revoked Obama-era guidance that had effectuated a hands-off approach to state-legalized cannabis businesses.” This […]
Veterans Medical Marijuana Safe Harbor Act introduced in U.S. Senate – September 5, 2018
Democratic Senators Bill Nelson (Florida) and Brian Schatz (Hawaii) have introduced S3409 – the Veterans Medical Marijuana Safe Harbor Act. […]
UNODC Report 2011 – The Estimate for Global Money Laundering
Many recent reports refer to the total amount of money laundering in the world, with wild and often unsupported estimates. […]
Bloomberg: “Crypto World Rocked After Long-Time Advocate Backpedals … Exchange cites need to navigate the regulatory environment”
https://www.bloomberg.com/news/articles/2018-09-05/crypto-world-rocked-after-long-time-advocate-voorhees-backpedals The article offers an interesting look at crypto’s version of what the highly regulated (and supervised) mainstream financial industry […]
ING pays record EUR 775,000,000 fine to Dutch Public Prosecution Service for multiple AML failures
Dutch prosecutors hammered ING Group for 7+ years of abject AML failures … missing and incomplete customer due diligence files, […]
Oregon’s Marijuana Regime is “Out of Control” according to its US Attorney
Almost three weeks before FinCEN’s quarterly marijuana update, the United States Attorney for Oregon described Oregon’s marijuana regime as “out […]