Government,
Banking,
Administrative/Regulatory
Apr. 11, 2013
Treasury Department wary of virtual currencies
On March 18, the arm of Treasury responsible for combating money laundering, FinCEN, released interpretative guidance regarding virtual currencies.
The Treasury Department recently took another step in the federal government's fight against money laundering. This step did not garner as much press as the near $2 billion HSBC agreed to pay federal authorities last December relating to, in part, the bank's ineffective anti-money laundering program. But it may be more significant because of its future impact.
On March 18, the arm of Treasury responsible for combating money laundering, FinCEN, released interpretative guidance r...
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