Latest News
By Federal Newswire | Jun 3, 2024
On May 31, Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki and senior FinCEN leaders engaged in two roundtables coordinated with Iowa Representative Zach Nunn’s office in Des Moines, Iowa.
By Federal Newswire | Jun 3, 2024
Andrew Adams, a partner at the New York office of Steptoe & Johnson LLP and a former acting Deputy Assistant Attorney General for the National Security Division of the Department of Justice (DOJ), has called for the US government to halt sharing forfeited property with Nigeria. This statement comes in response to the detention of Tigran Gambaryan, a former US federal agent and current Binance employee, who has been "wrongfully detained" in Nigeria since February 26. Adams shared his views in a May 29 opinion piece titled "The U.S. Response to Binance Exec Tigran Gambaryan's...
By Federal Newswire | May 31, 2024
Carl Szabo is the vice president and general counsel of NetChoice. He is also an adjunct professor of Internet law at the George Mason University Antonin Scalia School of Law.
By Federal Newswire | May 30, 2024
Commissioner Caroline D. Pham will speak at a Regulatory Workshop titled “New SupTech: Exchange of Experiences” at the 49th Annual Meeting of the International Organization of Securities Commissions (IOSCO).
By Federal Newswire | May 30, 2024
Commissioner Kristin N. Johnson is set to participate in a Regulatory Workshop titled "Retail Investor Protection in a Digital World: Finfluencers, Gamification and the Evolving Trading Landscape" at the IOSCO Annual Meeting in Athens on May 27, 2024. The workshop is part of the IOSCO 2024 Greece program, as announced in the event details.The workshop will take place at 11:00 a.m. local time in Athens, which corresponds to 4:00 a.m. Eastern Time. The IOSCO Annual Meeting itself will be held in Athens, Greece.The participation of Commissioner Johnson in this workshop...
By Federal Newswire | May 29, 2024
Matty Ice, host of The Runway Podcast, stated that the health of Tigran Gambaryan, a former U.S. federal agent and current employee of the cryptocurrency exchange Binance, has significantly deteriorated during detention in Nigeria. Ice said Gambaryan is not receiving adequate medical treatment. Ice shared his statement in a May 27 post.
By Federal Newswire | May 22, 2024
On May 29, 2024, Commissioner Caroline D. Pham is set to participate in a panel discussion at the Hellenic Capital Market Commission (HCMC) Public Conference during the IOSCO Annual Meeting. The panel, titled "Digital Finance, Fintech and Crypto Assets: Supervision Challenges and Experiences Including Issues relating to Sustainability," will delve into the complexities of digital finance supervision and related sustainability issues.
By Federal Newswire | May 22, 2024
The Financial Times' Moral Money Summit will feature a keynote interview with Commissioner Goldsmith Romero. The event is scheduled for Wednesday, May 22, 2024, from 9:10 am to 9:30 am London/BST or 4:10 am to 4:30 am USA/EDT. The venue for the summit is The Biltmore Mayfair, located at 44 Grosvenor Sq, London W1K 2HP, United Kingdom. For more information about the event, interested parties can visit https://moralmoneyeurope.live.ft.com/home.
By Federal Newswire | May 22, 2024
Washington, D.C., (May 22, 2024) – The Blockchain Association, a prominent trade association for the cryptocurrency and blockchain technology industry, has acknowledged the bipartisan passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) by the U.S. House of Representatives.
By Federal Newswire | May 22, 2024
SAN JUAN, Puerto Rico—The Financial Crimes Enforcement Network (FinCEN) conducted an outreach event today focused on beneficial ownership reporting requirements. The event, held at the Puerto Rico Department of State, was attended by Puerto Rico’s Secretary of State, Hon. Omar J. Marrero-Diaz, and included trade associations representing small business groups in Puerto Rico. This marks FinCEN’s first outreach event in Spanish regarding federal requirements for reporting information about individuals who ultimately own or control businesses.
By Federal Newswire | May 21, 2024
Commissioner Caroline D. Pham is set to speak at a featured fireside chat on the CFTC’s role in regulating digital assets at City Week 2024. The event is scheduled for Tuesday, May 21, 2024, at 11:00 a.m. (London/GMT) and 6:00 a.m. (USA/EDT). The location for the event is Guildhall Gresham Street London EC2V 7HH, United Kingdom.
By Federal Newswire | May 20, 2024
Commissioner Christy Goldsmith Romero is scheduled to participate in a panel discussion on international financial regulation at City Week 2024. The event will take place on Monday, May 20, 2024.
By Federal Newswire | May 20, 2024
The Financial Crimes Enforcement Network (FinCEN), as part of the Treasury Department’s Counter-Fentanyl Strike Force and in partnership with IRS Criminal Investigation (CI), has announced a new initiative to combat the illicit trafficking of fentanyl into the United States. The "Promoting Regional Outreach to Educate Communities on the Threat of Fentanyl" (PROTECT) series of FinCEN Exchange sessions will be held throughout 2024 in U.S. cities severely affected by the opioid epidemic.
By Federal Newswire | May 17, 2024
A State Department spokesperson has confirmed to Federal Newswire that the Department is monitoring the case of Tigran Gambaryan, an American citizen and former federal agent detained in Nigeria since February 26 and are providing all appropriate assistance. The spokesperson’s comments were provided May 15 following Deputy Secretary Kurt Campell’s meeting in Washington, D.C. with Nigerian Foreign Minister Yusuf Tuggar.
By Federal Newswire | May 16, 2024
The House Committee on Rules has announced its intention to consider the Financial Innovation and Technology for the 21st Century (FIT21) Act. The bill is expected to be put to a floor vote later this month.
By Federal Newswire | May 16, 2024
Commissioner Christy Goldsmith Romero is scheduled to address the National Futures Association’s (NFA) Board of Directors at their Spring meeting. The event will take place on Thursday, May 16, 2024, from 1:15 pm to 1:45 pm (EDT). The venue for this significant gathering is the St Regis, located at 923 16th Street, NW, Washington, DC 20006.
By Federal Newswire | May 14, 2024
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the U.S. District Court for the Northern District of Texas against Agridime LLC, a Texas corporation, and its co-founders, Joshua Link of Gilbert, Arizona and Jed Wood of Ft. Worth, Texas. The defendants are accused of defrauding thousands of customers across at least 14 states by soliciting, accepting, and using customer funds to pay undisclosed commissions and using later customers' funds to pay profits to earlier customers.
By Federal Newswire | May 13, 2024
Commissioner Christy Goldsmith Romero is set to participate on an AI panel at the Asian Pacific American Institute for Congressional Studies (APAICS) at the 2024 Legislative Leadership Summit. The panel, titled "How AI is Changing the World," will take place on Monday, May 13, 2024, from 11:15 am to 12:00 pm (EDT) at the Walter E. Washington Convention Center, 801 Allen Y. Lew Place, NW, Washington, DC 20001.Romero's insights on the topic will be shared alongside other experts in the field during the summit, providing valuable perspectives on the impact of artificial...
By Federal Newswire | May 13, 2024
The Commodity Futures Trading Commission (CFTC) has issued an order filing and settling charges against Falcon Labs, Ltd., a Seychelles-based entity. The firm is accused of failing to register as a futures commission merchant (FCM), marking the CFTC's first action against an unregistered FCM that facilitated access to digital asset exchanges.
By Federal Newswire | May 13, 2024
Today, the Securities and Exchange Commission (SEC) and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly proposed a new rule that would require SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish, document, and maintain written customer identification programs (CIPs). The proposal aims to prevent illicit finance activity involving the customers of investment advisers by bolstering the anti-money laundering and countering the financing of terrorism (AML/CFT) framework for the investment adviser...
