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May 22, 2024 | 
law360.com | Peter Hardy |Kelly A. Lenahan-Pfahlert
By Peter Hardy and Kelly Lenahan-Pfahlert (May 22, 2024, 4:49 PM EDT) -- Tracking and tracing illicit activities conducted through digital currencies is difficult. The process can be very time- and resource-intensive.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
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May 22, 2024 | 
law360.co.uk | Peter Hardy |Kelly A. Lenahan-Pfahlert
ADVERTISEMENT Don't want ads? Subscribe or login now. By Peter Hardy and Kelly Lenahan-Pfahlert (May 22, 2024, 4:49 PM EDT) -- Tracking and tracing illicit activities conducted through digital currencies is difficult. The process can be very time- and resource-intensive....
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May 22, 2024 | 
ballardspahr.com | Peter Hardy |Kelly A. Lenahan-Pfahlert
Peter Hardy and Kelly Lenahan-Pfahlert, both members of Ballard Spahr's Anti-Money Laundering team, examine a recent ruling by the U.S. District Court for the District of Columbia in this Law360 article. The court's decision, which found the defendant guilty of money laundering via Bitcoin, has potentially significant implications for future cases involving cryptocurrency transactions and digital currency-related crimes. Read the full article here.
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Apr 17, 2024 | 
lexblog.com | Peter Hardy
The Financial Crimes Enforcement Network (“FinCEN”) has issued a Notice on the Use of Counterfeit U.S. Passport Cards to Perpetrate Identity Theft and Fraud Schemes at Financial Institutions (“Notice”), asking financial institutions (“FIs”) to be vigilant in identifying suspicious activity relating to the use of counterfeit U.S. passport cards.
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Mar 28, 2024 | 
lexblog.com | Peter Hardy
Today we are very pleased to welcome guest blogger Lili Infante, who is the CEO of CAT Labs – a tech company building digital asset recovery and quantum-resistant cryptography tools to fight crypto crime. Lili previously spent a decade as a DEA Special Agent with the U.S. Department of Justice and pioneered an early federal task force focusing exclusively on crypto and dark web crimes.
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Mar 6, 2024 | 
lexblog.com | Peter Hardy |Christopher Jones |Siana Danch
We are very fortunate to have Special Agent Jonathan Schnatz as our guest speaker in this podcast on international efforts to investigate tax evasion and money laundering, and how they relate to criminal investigations and civil audits of U.S. businesses and individuals.
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Mar 3, 2024 | 
lexblog.com | Peter Hardy
On March 1, Judge Liles C. Burke of the Northern District of Alabama issued a Memorandum Opinion (“Opinion”) and Final Judgment, finding that the Corporate Transparency Act (“CTA”) is unconstitutional. We blogged on this lawsuit when it was filed in November 2022. The opening paragraph of the Opinion is worthy of repetition:The late Justice Antonin Scalia once remarked that federal judges should have a rubber stamp that says STUPID BUT CONSTITUTIONAL.
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Feb 23, 2024 | 
lexblog.com | Peter Hardy |Richard J. Andreano |Kaley Schafer
On February 16, the Financial Crimes Enforcement Center (“FinCEN”) published a Notice of Proposed Rulemaking (“NPRM”) regarding residential real estate. The final version of the NPRM published in the Federal Register is 47 pages long. We have created a separate document which more clearly sets forth the proposed regulations themselves, at 31 C.F.R. § 1031.320, here. FinCEN also has published a Fact Sheet regarding the NPRM, here.
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Feb 12, 2024 | 
lexblog.com | Peter Hardy |Siana Danch
As we have blogged, the Department of Justice (“DOJ”) has been busy lately in regards to money laundering and Bank Secrecy Act (“BSA”) / Anti-Money Laundering (“AML”) prosecutions. In our first blog post in this three-part series, we discussed a significant prosecution of an individual, and two related corporate non-prosecution agreements (“NPAs”), involving the gaming industry.
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Jan 31, 2024 | 
lexblog.com | Peter Hardy
The Department of Justice (“DOJ”) has been very active in the Bank Secrecy Act (“BSA”) / Anti-Money Laundering (“AML”) space, as reflected by a recent series of individual prosecutions and corporate non-prosecution agreements (“NPAs”). In this first blog post, we will discuss a significant prosecution of an individual, and two related corporate NPAs, involving the gaming industry.
