FinCEN recently released guidance on US currency restrictions in Mexico, specifically tailored to funnel accounts and trade-based money laundering. In 2010, the Mexican Finance Ministry (SHCP) announced new AML regulations that prohibit banks from receiving more than $7,000 USD in cash from a customer during a one month period. The cap also hits its threshold … Continue reading »
Category Archives: Announcements
My Fox Boston Reports JetBlue & Delta employees accused of smuggling money
(MyFoxBoston.com) — Five airline employees were arrested Thursday amid allegations that they smuggled thousands of dollars in cash they believed were drug proceeds. Four men from Massachusetts and one man from Florida were arrested and charged with money laundering and conspiracy to defraud the United States. They’re accused of using their airport security clearance to … Continue reading »
Bitcoin OK for politics, with $100 limit
The Federal Election Commission on Thursday approved the use of the alternative currency Bitcoin for political contributions with limits of $100 per donor per election cycle. The 6-member panel voted unanimously to allow the contributions, a move that could open the floodgates for donors to make political contributions with the digital currency in the upcoming … Continue reading »
2 Banking Giants Implore U.S. Authorities to Go Easy
May 12 2014, By BEN PROTESS and JESSICA SILVER-GREENBERG Two of the world’s biggest banks, facing the threat of criminal charges, are mounting final bids for leniency. To avoid the fallout from pleading guilty — no giant bank has done so in more than two decades — BNP Paribas and Credit Suisse made last-ditch appeals … Continue reading »
Making Bitcoin Anonymous by Default
Tim Hornyak of IDG News has an update from the world of Bitcoin and efforts to avoid regulation. ‘Dark Wallet’ wants to make Bitcoin even harder to trace Posted May 1, 2014 A group of coders has launched a Bitcoin wallet that will make it more difficult to trace transactions using the digital currency. Dark … Continue reading »