Category Archives: In the Headlines

General / In the Headlines

Funnel Accounts & Trade-Based Money Laundering

Posted on by

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 »

Announcements / In the Headlines

My Fox Boston Reports JetBlue & Delta employees accused of smuggling money

Posted on by

(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 / In the Headlines / Virtual Currency

Bitcoin OK for politics, with $100 limit

Posted on by

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 »