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The #FinancialIntelligenceUnit (FIU) is essential in detecting suspicious financial activities, analyzing data to uncover irregularities, collaborating with law enforcement, maintaining confidentiality, and adapting to emerging threats. Understanding these #key aspects is crucial for protecting financial systems and communities. For expert guidance on FIU registration under VDA for Crypto Ventures or other categories, reach out to Finlaw Consultancy. . . . #finlaw #FinancialIntelligence #FIU #MoneyLaunderingPrevention #DataAnalysis #LawEnforcementCollaboration #FinancialSecurity #Confidentiality #EmergingThreats #CryptoCompliance #FinlawConsultancy #FinancialIntegrity #AntiMoneyLaundering #RegulatoryCompliance #FinancialSafety #FIURegistration #VDACompliance #CryptoRegulation #cryptoexchange #tokens #bitcoin #OTC #Ethereum #Cryptoarbitrage

👩⚖️ The U.S. Securities and Exchange Commission charged Silvergate Capital Corporation, its former CEO Alan Lane, and former Chief Risk Officer (CRO) Kathleen Fraher with misleading ❌ investors about the strength of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program and the monitoring of crypto customers, including #FTX, by Silvergate’s wholly owned subsidiary, Silvergate Bank. 🔊 According to the SEC’s complaint, from November 2022 to January 2023, Silvergate, Lane, and Fraher misled investors in stating that Silvergate had an effective BSA/AML compliance program and conducted ongoing monitoring of its high-risk crypto customers, including FTX. 🤷♂️ 😲 In reality, Silvergate’s automated transaction monitoring system failed to monitor more than $1 trillion of transactions by its customers on the bank’s payments platform, the Silvergate Exchange Network. 💡 Without admitting or denying the allegations, Silvergate agreed to a final judgment ordering it to pay a $50 million civil penalty and imposing a permanent injunction to settle the charges. 💸 Lane and Fraher also settled the charges without admitting or denying the allegations, agreeing to permanent injunctions, five-year officer-and-director bars, and civil penalties of $1 million and $250,000 respectively. ➡ Follow us for more crypto regulation updates like this! #sbcr #sadrisali #cryptocompliance #cryptoregulation #sec #mica #blockchainlawyer #micalawyer #blockchainlaw #cryptocurrency #stablecoins #web3 #defi

Surprising revelations from #FDIC documents ⬇️ While the #crypto industry claimed widespread 'debanking,' the reality is more nuanced. #Banks were only advised to pause direct #cryptoactivities in 2022 and 2023—not cut ties with #cryptocompanies. Coinbase’s legal battle uncovered these confidential ‘pause letters,’ hinting at a cautious yet coordinated regulatory approach. Is this the untold story behind crypto’s fight with U.S. regulators? More below 👇 https://lnkd.in/dSWUW2jc

🚨 Breaking News 🚨 Bybit faces potential legal action in France due to regulatory non-compliance. This development underscores the importance of adhering to local financial regulations in the rapidly evolving crypto landscape. Stay tuned for more updates as this story unfolds. #CryptoNews #Regulation #Fintech #Compliance #CryptoInvestment #DigitalAssets #BlockchainInvesting #BitcoinInvestment #Ethereum #Altcoins #CryptoPortfolio #InvestingStrategy #TokenEconomy #CryptoMarket #DecentralizedFinance #CryptoAssets #SmartContracts #HODL #CryptoTrading #CryptoCommunity #LongTermInvesting #CryptoOpportunity #RiskManagement #FinancialFreedom

📢 Breaking News for Crypto Holders! 📢 A new bill introduced yesterday in the UK Parliament is set to change digital assets like #Bitcoin and #NFTs as personal property under English law. This update offers owners enhanced legal protection, reducing risks of fraud and ensuring clarity in complex cases. The UK is trying to lead in the global crypto race, making it a prime hub for digital asset innovation and legal security. I'm all for it! 🎉 #CryptoLaw #DigitalAssets #Innovation #LegalTech #Ethereum

📢 Countdown to Session 2 of the Crypto & Risk Master Class! In just 2 days, James Lee, Global Head of Capacity Building at Chainalysis, will offer an insider's perspective on the Evolution of Financial Crime. He’ll dive into: - How Chainalysis helps fight financial crime - Money laundering tactics on the blockchain, explained in an educational way - The crucial role of BSA Reporting in supporting law enforcement - A real-world case: The J5 Challenge, an international collaboration using crypto-related criminal leads - Key red flags shared by traditional finance and crypto exchanges, emphasizing the importance of transaction monitoring and enhanced KYC 🚀Jim will be joined by: María Celeste Plee, Director of Compliance at Bitso Delfina Chain M, Founder & CEO at Chaindots, and Brennan L., Head of Law Enforcement Relations at AnChain.AI 🔗Secure your spot and gain these valuable insights—Register now! #CryptoRisk #Blockchain #FinancialCrime #KYC #Compliance #LawEnforcement #MasterClass

Join me and my colleagues as we dive into the most pressing issues in today’s hashtag cryptocurrency landscape intersecting regulation, law enforcement, and national security and how to prepare for future innovation at Chainalysis TRACE DC!

🌐 Coinbase has filed lawsuits against the SEC and FDIC for not complying with Freedom of Information Act (FOIA) requests, accusing them of trying to cut off the crypto industry from banking. 🔘 FOIA requests allow for the public to ask for records from any federal agency. 🔘 The FOIA requests sent to the SEC asked for information about how the agency views ETH and records on past two investigations, Zachary Coburn and Enigma MPC. 🔘 The FOIA requests sent to the FDIC sought for information on their “pause letters” issued between March 2022 and May 2023 to some financial institutions asking them to not expand crypto-related activities. #rcz #fdic #foia #sec #news #crypto #assets #funds #market #eth #btc

💎We are available to help your business with everything crypto related! 💪 Getting your crypto licence (in Europe and beyond) 💪 Setting up your legal and risk control structure 💪 Providing legal advice for your token 💪 Reviewing your white paper …and so much more! 🌟Visit our website today to find out more about the services we render: https://lnkd.in/d44FmpY3 #BlockchainLaw #BlockchainLawyer #CryptoLaw #MiCA #MiCALawyer #CryptoRegulation #CryptoAssets #CryptoCompliance #SadriSali #SBCR #CryptoLicence #Token #CASPs

The former chief executive of Binance, Changpeng Zhao, pleaded guilty to violating U.S. money-laundering laws and faces sentencing. Prosecutors are seeking a sentence double the maximum recommended under federal guidelines, aiming to send a strong message about compliance with the law. Zhao's lawyers requested probation, emphasizing his acceptance of responsibility and payment of a $50 million fine. This case follows the recent sentencing of another crypto executive, Sam Bankman-Fried, to 25 years for fraud. Binance, under Zhao's leadership, admitted to evading money-laundering requirements and agreed to a $4.32 billion penalty. Prosecutors allege the exchange facilitated illegal activities, including transactions with terrorist groups and the sale of illicit materials. Zhao remains free on bond but agreed not to appeal any sentence within federal guidelines. Interesting? Want to read more? Click the link Below https://lnkd.in/dne2b3DD #cryptocompliance #cryptoregulation #moneylaundering #cryptoprosecution #binancecase #financialcrime #regulatoryenforcement #cryptocurrencynews #legalaction