FinCen

Cash purchases of residential real estate in the U.S. are on the rise and the Treasury Department on Wednesday proposed new measures aimed at detecting illicit funds flowing through non-financed purchases in the property sector. In a far-reaching paper on money laundering, terrorist financing and...

Crypto exchange Binance, its U.S. counterpart Binance.US, and founder Changpeng Zhao have contested the U.S. Securities and Exchange Commission's (SEC) allegations, arguing that the financial watchdog failed to establish the criteria of the "Howey Test" in its lawsuit...

The Financial Crimes Enforcement Network (FinCEN) is warning investors not to fall prey to a burgeoning virtual currency investment scam. "Pig butchering" has duped billions of dollars out of victims. Amidst the increasing instances of crypto-related frauds, the upcoming Benzinga...

Anton Shkurenko, the co-founder of the now-defunct Russian cryptocurrency exchange Bitzlato, spoke out against money laundering allegations made by U.S. and EU authorities. Despite being briefly detained by police in Moscow for an ID check, Shkurenko denied any active criminal cases...

Crypto exchange Binance (CRYPTO: BNB) has added a "Send Cash" function on its Binance Pay app — a feature that allows users to send crypto to their bank and make it arrive as fiat currency. You can now transfer crypto from #Binance to your bank and it will arrive in fiat. Pretty...

Crypto giant Binance reportedly processed almost $346 million in Bitcoin (CRYPTO: BTC) for the Bitzlato digital currency exchange, the founder of which was arrested by U.S. authorities last week for allegedly running a "money laundering engine," according to blockchain data,...

Cryptocurrency followers have been left a bit confused after the Justice Department said it had shut down a little-known China-based cryptocurrency exchange named Bitzlato. What Happened: Bitzlato founder Anatoly Legkodymov, a Russian national who lives in China, was...

Cryptocurrency and tokenized asset exchange Currency.com set its foot in the U.S following registration with the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) as a money services business. What Happened: In an announcement shared with Benzinga on Thursday...

Jack Dorsey, CEO of Twiter Inc (NYSE: TWTR) and financial services company Square Inc (NYSE: SQ), on Monday, raised concerns over proposed regulations for certain digital asset transactions in a comment letter addressed to the Policy Division of the Financial Crimes Enforcement Network. What...

HSBC Holdings Plc (NYSE: HSBC) shares recovered from the historic low hit last week in Hong Kong on Monday, surging as much as 10% in intraday trading. What Happened: The surge came following China's largest insurer Ping An Insurance Company of China Ltd (OTC: PNGAY) increasing its...

Beaxy, a next-generation digital asset exchange, formally partnered with Curv, a cloud-based security platform for digital asset custody. In a statement on the development, Brian Peterson, Beaxy’s Chairman of the Board, said “Curv is a rising star in the institutional custody of digital...

The growing U.S. cannabis industry cleared a major legal and commercial hurdle on Friday – when the federal government issued guidance to financial institutions on how to deal with marijuana businesses. The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), in coordination with the...