“The U.S. Treasury Department’s anti-money laundering unit has mailed roughly a dozen letters to businesses linked to the digital currency Bitcoin warning they may be money transmitters and be required to comply with federal law and regulation, a Treasury spokesman told Compliance Complete. These letters, sent in recent weeks by Treasury’s Financial Crimes Enforcement Network (FinCEN), are a form of ‘industry outreach’ aimed at making Bitcoin businesses aware of their potential anti-money laundering compliance obligations, FinCEN spokesman Steve Hudak said.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
David Stockman: Banks Too big to Fail, Another Bubble
Bankers Balking at Bitcoin in U.S. as Real-World Obstacles Mount
Iraq Kurds reach out to Baghdad to fight surging al Qaeda
Son of legendary Chinese Communist military leader apologizes for Cultural Revolution
Yahoo, Dell Swell Netherlands’ $13 Trillion Tax Haven
McCain, Graham express optimism on Obama Syria plan
China's military makes move into Africa
Woolwich murder suspect 'was offered job with MI5 six months ago'
Glenn Greenwald Interview: Low-Level NSA Analysts Have 'Powerful and Invasive' Search Tool
As China Dumps Treasuries, World Sees No Better Place for Refuge
X-Ray Scans at Airports Leave Lingering Worries
Cops Fire 20 Bullets At Unarmed Man In His Bed, Then Call It Justified
Oklahoma inmates access Facebook with smuggled cellphones
Drug-Sniffing Dogs Pose a Problem in States That Legalized Marijuana
U.S. presidential election already fueled by $377 million