Month: February 2018
Cryptocurrency and Money Laundering
By Sanford Miller of MillarLaw A Professional Corporation On Sunday, February 18, 2018
In a recent enforcement action FinCEN, the Financial Crimes Enforcement Network levied an $8 million fine on a California card club for violation of the Anti-Money Laundering provisions of the Bank Secrecy Act. (“BSA”). One of the more common claims is the cryptocurrency is negotiable at casinos and card clubs resulting in Money Laundering opportunities. … Continue reading Cryptocurrency and Money Laundering
Internet Gambling, Cryptocurrency and IRS Enforcement
By Sanford Miller of MillarLaw A Professional Corporation On Sunday, February 11, 2018
“The U.S. Internal Revenue Service, fresh off its success in uncovering U.S. assets hidden in Swiss banks, has assigned elite criminal agents to investigate whether Bitcoin and other cryptocurrencies are being used to cheat the taxman.” Bloomberg, 02/08/2018 Could Internet Gambling Sites be one of their targets? There are numerous on-line interactive casinos that accept … Continue reading Internet Gambling, Cryptocurrency and IRS Enforcement
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