Financial Crimes Enforcement Network

The former chief financial officer of cloud services provider Synchronoss Technologies (NASDAQ:SNCR) allegedly overstated the company’s finances to match revenue expectations it otherwise would have failed to meet. Last week, a New York District Court granted the Securities and Exchange...

Changpeng Zhao, the founder and former CEO of Binance (CRYPTO: BNB), was released on a $175 million personal recognizance bond. Earlier on Tuesday, Zhao admitted in court to breaching the Bank Secrecy Act. U.S. authorities accused him of instructing Binance to permit American customers to...

U.S. Senators Roger Marshall (R-Kan.) and Elizabeth Warren (D-Mass.) introduced legislation to impose stricter anti-money laundering regulations on digital assets. What Happened: According to a joint statement from the senators, the bill would extend know-your-customer (KYC)...

Crypto exchange Binance on Tuesday announced its Global Law Enforcement Training Program, which seeks to help law enforcement detect financial and cyber crimes and assist in the prosecution of bad actors who exploit digital assets. Over 30 workshops on countering cyber, financial crimes In a blog...

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...