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Extension of Limited Exception from Beneficial Ownership Requirements for Legal Entity Customers of Certain Financial Products and Services with Rollovers and Renewals

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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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On May 16, 2018, the Financial Crimes Enforcement Network (FinCEN) issued a 90-day limited exceptive relief to covered financial institutions from the obligations of the Beneficial Ownership Rule for Legal Entity Customers (Beneficial Ownership Rule)1 for certain financial products and services (i.e., certificate of deposit or loan accounts) that were […]

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What’s the Treasury doing about bitcoin?

Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
mm
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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by Jose Pagliery A U.S. senator is asking the Treasury Department to explain its efforts to ensure that bitcoin is not being used by criminals and terrorists to evade bank regulations. Senator Ron Wyden sent his questions in a letter to the Treasury Department’s Financial Crimes Enforcement Network on Thursday. […]

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Thomson Reuters Anti-Money Laundering Insights Report Reveals a Very Real Fear of Noncompliance

Cyber-enabled crime, shifting economic sanctions’ targets along with new data-reporting demands have created an extreme upheaval in the U.S. anti-money laundering regime. Thomson Reuters recently surveyed 438 AML compliance leaders connected with the Association of Certified Anti-Money Laundering Specialists (ACAMS) to gain an understanding of how U.S. financial institutions are […]

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DOJ announces Civil Fines & Criminal Charges for Bitcoin Exchange and Operator

Why does it matter: On July 26, 2017, the Department of Justice (DOJ) announced that a grand jury in the Northern District of California had indicted the digital currency exchange BTC-e and the Russian national behind it for operating an unlicensed money service business and money laundering. That same day, the […]

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FinCEN Fines BTC-e For Violating U.S. Anti-Money Laundering Laws

The treasury, for the first time, has taken legal action against a foreign-located money services business. On July 26, 2017, The Financial Crimes Enforcement Network (FinCEN) announced the assessment of a $110,003,312 civil money penalty against BTC-e, or Canton Business Corporation (BTC-e) for “willfully violating U.S. anti-money laundering (AML) laws.” […]

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How Money laundering is shaping US cities

By Joseph Lawler (@josephlawler) • 3/27/17 12:01 AM In a little-noticed statement, the Treasury bureau responsible for investigating financial crimes shared a remarkable money laundering statistic last month. Thirty percent of the cash purchases of high-end real estate by shell companies in six major cities involved a suspicious buyer, according […]

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