FinCEN – Minilateralism by Chris Brummer – a book on finance, trade and monetary diplomacy

Image of various cryptocurrency symbols floating on black background — Image courtesy of https://www.wealthmanagement.com

In an usually explicit act of cross-agency collaboration, the heads of the Commodity Futures Trading Commission (CFTC), Financial Crimes Enforcement Network (FinCEN) and Securities Exchange Commission (SEC) signed a statement reminding actors in the crypto space that they must comply with various banking and financial services laws in the U.S., regardless of what they call their cryptocurrencies or tokens. In the statement, the agencies referred to the Bank Secrecy Act (BSA), which outlines how different financial services businesses should register with regulators. More information is available here.

FinCEN Decries Venezuela’s Attempt to Circumvent Sanctions

FinCEN criticizes Venezuela’s Attempt to Circumvent Sanctions, Chris Brummer comments — Image courtesy of: www.crowdfundinsider.com

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an updated advisory to warn financial institutions of continued widespread public corruption in Venezuela. This is part of an ongoing effort by United States to isolate the Maduro regime who recently lost a popular election but has refused to leave office thus inciting many countries to criticize the emerging dictator. The story is here.

Tag: FinCEN

FinCEN CFTC, SEC Issue Statement on Crypto

FinCEN Decries Venezuela’s Attempt to Circumvent Sanctions

CHRIS BRUMMER

FinCEN Decries Venezuela’s Attempt to Circumvent Sanctions

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