Category: probe
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Bipartisan Senators probe FinCEN crypto mixer lawsuits
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A pair of senators have written a letter to the Department of Justice, challenging the Financial Crimes Enforcement Network’s (FinCEN) “unprecedented interpretation” of the rules used to prosecute cryptocurrency mixers. Senators Cynthia Lummis (R-Wyo.) and Ron Wyden (D-Ore.) have filed a petition with US Attorney General Merrick Garland and the…
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US Prosecutors Probe Jack Dorsey’s Block over Compliance Concerns: Report
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US federal prosecutors are investigating the financial dealings of Block, the company co-founded by Jack Dorsey, according to NBC News. Findings from internal documents reportedly point to compliance issues at Square and Cash App. Documents provided by a former employee reportedly highlighted inadequate customer information collection and transaction processing related…