United States of America: FinCEN investigation into PM2BTC for alleged money laundering in connection with Russian illicit finance
Progress
Current status
in force
26 Sep 2024 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Prohibition of goods and services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued order in FinCEN investigation into PM2BTC for alleged money laundering in connection with Russian illicit finance
On 26 September 2024, the Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department issued an order under the Combating Russian Money Laundering Act prohibiting certain financial transactions by covered financial institutions invol…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body