US Justice Department Executes First Criminal Crypto Charge
The US Justice Department has laid an iron hand on an undisclosed American citizen who has sent roughly $10 million worth of digital coins to a location sanctioned by the Office of Foreign Assets Control (OFAC). The defendant has allegedly transferred cryptocurrencies to a country that is currently under US sanctions such as Russia, Cuba, […]
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The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual currency transactions.”
DOJ Charges US Citizen in Crypto Sanctions Evasion Case
The U.S. Justice Department has filed its first criminal complaint against a U.S. citizen who allegedly tried to evade American sanctions using cryptocurrency, according to a judicial opinion document....
The U.S. Department of Justice has announced the launch of a National Cryptocurrency Enforcement Team (NCET). This team would handle investigations and prosecutions of criminal misuses of cryptocurrency. In particular, crimes committed by virtual currency exchanges and money launderers. The Justice Department released a report to this effect on its website on Wednesday, October 6, 2021. This […]
The crypto landscape is heating up as the U.S. Department of Justice ramping up its efforts to counteract the risks posed to the American people by the illegal exploitation of digital assets. On Friday, the Department of Justice’s Criminal Division announced the launch of its nationwide Digital Asset Coordinator (DAC) network. More than 150 federal […]
Crypto exchange giant Binance is allegedly under investigation by the U.S. Internal Revenue Service (IRS), as well as the Department of Justice (DOJ) for money laundering and tax evasion. BREAKING: Binance, the world's biggest crypto exchange, is under investigation by the Justice Department and IRS https://t.co/mk0Njo7tUE — Bloomberg Crypto (@crypto) May 13, 2021 According to […]
The Department of Justice is looking to hire attorneys to assist it with developing digital currency regulations. As detailed in a job posting from 3rd November, the Justice Department's Criminal Division is seeking two applicants for its Policy Unit of the Asset Forfeiture and Money Laundering Section. The Justice Department is one of a number of regulatory bodies in the US with oversight of the tech. Though no specific knowledge of digital currencies is required, prospective candidates should possess “knowledge of anti-money laundering and asset forfeiture laws, processes and....