{"description":"Documents matching '\"convertible virtual currency\"' and from Financial Crimes Enforcement Network","count":21,"total_pages":2,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bagencies%5D%5B%5D=financial-crimes-enforcement-network&conditions%5Bterm%5D=%22convertible+virtual+currency%22&format=json&page=2","results":[{"title":"Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal","type":"Proposed Rule","abstract":"FinCEN is withdrawing a notice of proposed rulemaking (NPRM) that proposed requiring banks and money service businesses (MSBs) to submit reports, keep records, and verify the identity of customers in relation to transactions involving convertible virtual currency (CVC) or digital assets with legal tender status (LTDA) held in unhosted wallets or in wallets hosted in a jurisdiction identified by FinCEN. FinCEN will not take any further action on this NPRM.","document_number":"2026-20430","html_url":"https://www.federalregister.gov/documents/2026/10/06/2026-20430/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-06/pdf/2026-20430.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-20430.pdf?1791204314","publication_date":"2026-10-06","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"withdrawal. \n \n \n SUMMARY: \n FinCEN is withdrawing a notice of proposed rulemaking (NPRM) that proposed requiring banks and money service businesses (MSBs) to submit reports, keep records, and verify the identity of customers in relation to transactions involving <span class=\"match\">convertible virtual currency</span> (CVC) or digital assets with legal tender status (LTDA) held in unhosted wallets or in wallets hosted in a jurisdiction identified by FinCEN. FinCEN will not take any further action on this NPRM. \n \n \n DATES: \n FinCEN is withdrawing the proposed rule published"},{"title":"Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern; Withdrawal","type":"Proposed Rule","abstract":"FinCEN is withdrawing its finding and proposed rulemaking, pursuant to section 311 of the USA PATRIOT Act, that international Convertible Virtual Currency (CVC) mixing is a class of transactions of primary money laundering concern and that a special measure requiring enhanced recordkeeping and reporting requirements should be imposed regarding this class of transactions.","document_number":"2026-20429","html_url":"https://www.federalregister.gov/documents/2026/10/06/2026-20429/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-06/pdf/2026-20429.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-20429.pdf?1791204314","publication_date":"2026-10-06","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"ACTION: \n Withdrawal of finding and notice of proposed rulemaking. \n \n \n SUMMARY: \n FinCEN is withdrawing its finding and proposed rulemaking, pursuant to section 311 of the USA PATRIOT Act, that international <span class=\"match\">Convertible Virtual Currency</span> (CVC) mixing is a class of transactions of primary money laundering concern and that a special measure requiring enhanced recordkeeping and reporting requirements should be imposed regarding this class of transactions. \n \n \n DATES: \n FinCEN is withdrawing the proposed rulemaking published at 88 FR 72701 (October"},{"title":"Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota","type":"Rule","abstract":"FinCEN is issuing this Geographic Targeting Order, requiring banks and money transmitters located in the Counties of Hennepin and Ramsey, Minnesota to retain and report records of certain payments of $3,000 or more.","document_number":"2026-16365","html_url":"https://www.federalregister.gov/documents/2026/08/11/2026-16365/geographic-targeting-order-imposing-recordkeeping-and-reporting-requirements-on-certain-financial","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-08-11/pdf/2026-16365.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-16365.pdf?1786365919","publication_date":"2026-08-11","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"federal, state, or local government contract or benefit program; \n i. If the answer to question (h) is yes, whether those payments are from government agencies to entities in which the transmittor has any ownership interest; \n j. The form of transmittal (wire, <span class=\"match\">convertible virtual currency</span> transmission, ledger entry, or other); and \n k. If the transmittal is a ledger entry that tracks credits and debits with hawaladars located internationally, whether the money transmitter uses cash couriers to settle those debits. \n C. Order Period \n The terms of"},{"title":"Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern","type":"Proposed Rule","abstract":"FinCEN is issuing a notice of proposed rulemaking (NPRM), pursuant to section 311 of the USA PATRIOT Act, that proposes requiring domestic financial institutions and domestic financial agencies to implement certain recordkeeping and reporting requirements relating to transactions involving convertible virtual currency (CVC) mixing.","document_number":"2023-23449","html_url":"https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-10-23/pdf/2023-23449.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-23449.pdf?1697806049","publication_date":"2023-10-23","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"reporting regime to combat and deter money laundering associated with CVC mixing and increase transparency in a sector of the United States virtual currency ecosystem with identified illicit finance risks. \n A. Definitions \n 1. Definition of <span class=\"match\">Convertible Virtual Currency</span> \n \n The term “<span class=\"match\">convertible virtual currency</span>” or CVC, means a medium of exchange that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status.\n 74 \n \n Although Bitcoin has legal tender status in at least two jurisdictions, the term"},{"title":"Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota","type":"Rule","abstract":"FinCEN is issuing this Geographic Targeting Order, requiring banks and money transmitters located in the Counties of Hennepin and Ramsey, Minnesota to retain and report records of certain payments of $3,000 or more.","document_number":"2026-00449","html_url":"https://www.federalregister.gov/documents/2026/01/13/2026-00449/geographic-targeting-order-imposing-recordkeeping-and-reporting-requirements-on-certain-financial","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-01-13/pdf/2026-00449.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-00449.pdf?1768225515","publication_date":"2026-01-13","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"federal, state, or local government contract or benefit program;\n \n \n i. If the answer to question (h) is yes, whether those payments are from government agencies to entities in which the transmittor has any ownership interest; \n j. The form of transmittal (wire, <span class=\"match\">convertible virtual currency</span> transmission, ledger entry, or other); and \n k. If the transmittal is a ledger entry that tracks credits and debits with hawaladars located internationally, whether the money transmitter uses cash couriers to settle those debits. \n C. Order Period \n The terms of"},{"title":"Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents","type":"Proposed Rule","abstract":"FinCEN is issuing a finding and notice of proposed rulemaking, pursuant to section 9714(a) of the Combating Russian Money Laundering Act (Public Law 116-283), as amended by section 6106(b) of the National Defense Authorization Act for Fiscal Year 2022 (Public Law 117-81), finding transactions involving any company operating outside of the United States that is controlled by the A7 Network, a sanctions evasion and money laundering service with ties to Russia, leveraged by a wide range of illicit actors, including Iran and its terrorist proxies, to be a class of transactions of primary money laundering concern in connection with Russian illicit finance and proposing the imposition of a prohibition on certain transmittals of funds, by any covered financial institution, involving that class of transactions.","document_number":"2026-20371","html_url":"https://www.federalregister.gov/documents/2026/10/05/2026-20371/proposal-of-special-measure-prohibiting-the-transmittal-of-funds-regarding-transactions-involving","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-05/pdf/2026-20371.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-20371.pdf?1790945120","publication_date":"2026-10-05","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"out a process by which the aggrieved party may petition for reconsideration of their inclusion on the list. Should an aggrieved identified Sub-Agent successfully challenge the determination, FinCEN would update the list accordingly. \n 3. <span class=\"match\">Convertible Virtual Currency</span> (CVC) \n The term “<span class=\"match\">convertible virtual currency</span> (CVC)” means a medium of exchange that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status. Despite having legal tender status in at least one jurisdiction, for the purpose of this"},{"title":"Imposition of Special Measure Prohibiting the Transmittal of Funds Involving PM2BTC","type":"Rule","abstract":"FinCEN is issuing notice of an order, pursuant to the Combating Russian Money Laundering Act, as amended by the National Defense Authorization Act for Fiscal Year 2022, to prohibit certain transmittals of funds by any covered financial institution involving PM2BTC, a financial institution operating outside of the United States determined to be of a primary money laundering concern in connection with Russian illicit finance.","document_number":"2024-23430","html_url":"https://www.federalregister.gov/documents/2024/10/11/2024-23430/imposition-of-special-measure-prohibiting-the-transmittal-of-funds-involving-pm2btc","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-10-11/pdf/2024-23430.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-23430.pdf?1728564323","publication_date":"2024-10-11","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"co/blog/russia-seizes-four-major-dark-web-carding-sites-with-263-million-in-crypto-sales. \n \n \n \n \n 29 \n  FinCEN, Proposal of Special Measure Regarding <span class=\"match\">Convertible Virtual Currency</span> Mixing, as a Class of Transactions of Primary Money Laundering Concern, 88 FR 72701 (Oct. 23, 2023), \n available at https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-<span class=\"match\">convertible-virtual-currency</span>-mixing-as-a-class-of-transactions. \n \n \n \n \n 30 \n  In February 2022, the Russian Ministry of Internal Affairs took down four major illicit"},{"title":"Definition of Huione Group, a Financial Institution Operating Outside the United States of Primary Money Laundering Concern","type":"Proposed Rule","abstract":"FinCEN is issuing a notice of proposed rulemaking (NPRM), pursuant to section 311 of the USA PATRIOT Act, that proposes amending the existing definition of Huione Group to include, within the definition of that group, H-Pay Service PLC, and adding and defining the term \"successor entity.\" With this NPRM, FinCEN does not alter its assessment that Huione Group is a financial institution operating outside the United States of primary money laundering concern, and the existing special measure codified at 31 CFR 1010.664 with respect to Huione Group remains in effect.","document_number":"2026-12794","html_url":"https://www.federalregister.gov/documents/2026/06/25/2026-12794/definition-of-huione-group-a-financial-institution-operating-outside-the-united-states-of-primary","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-25/pdf/2026-12794.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-12794.pdf?1782305112","publication_date":"2026-06-25","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"Lazarus Group,\n 15 \n \n an entity sanctioned by Treasury's Office of Foreign Assets Control (OFAC)—and <span class=\"match\">Convertible Virtual Currency</span> (CVC) investment scams carried out by transnational criminal organizations (TCOs) based in Southeast Asia.\n 16 \n \n \n \n \n 15 \n  The Lazarus Group is an agency, instrumentality, or controlled entity of the government of the Democratic People's Republic of Korea, that has stolen large volumes of <span class=\"match\">Convertible Virtual Currency</span> in numerous and often widely reported cyber heists. On September 13, 2019, the Lazarus Group was sanctioned"},{"title":"Imposition of Special Measure Prohibiting Certain Transmittals of Funds Involving Vector Casa de Bolsa, S.A. de C.V.","type":"Rule","abstract":"FinCEN is issuing notice of an order prohibiting certain transmittals of funds involving Vector Casa de Bolsa, S.A. de C.V., a financial institution operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking.","document_number":"2025-11991","html_url":"https://www.federalregister.gov/documents/2025/06/30/2025-11991/imposition-of-special-measure-prohibiting-certain-transmittals-of-funds-involving-vector-casa-de","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-06-30/pdf/2025-11991.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-11991.pdf?1751028310","publication_date":"2025-06-30","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"Financial Institution \n The order defines covered financial institution as having the same meaning as “financial institution” in 31 CFR 1010.100(t). \n 3. Transmittals of Funds \n The order defines transmittals of funds as the sending and receiving of funds, including <span class=\"match\">convertible virtual currency</span>. \n 4. Meaning of Other Terms \n All terms used but not otherwise defined herein shall have the meaning set forth in 31 CFR Chapter X, 31 U.S.C. 5312, and 21 U.S.C. 2302. \n B. Prohibition on Transmittals of Funds Involving Vector \n A covered financial institution"},{"title":"Imposition of Special Measure Prohibiting Certain Transmittals of Funds Involving Intercam Banco S.A., Institución de Banca Multiple","type":"Rule","abstract":"FinCEN is issuing notice of an order prohibiting certain transmittals of funds involving Intercam Banco S.A., Instituci[oacute]n de Banca Multiple, a financial institution operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking.","document_number":"2025-11990","html_url":"https://www.federalregister.gov/documents/2025/06/30/2025-11990/imposition-of-special-measure-prohibiting-certain-transmittals-of-funds-involving-intercam-banco-sa","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-06-30/pdf/2025-11990.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-11990.pdf?1751028310","publication_date":"2025-06-30","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"Financial Institution \n The order defines a covered financial institution as having the same meaning as “financial institution” in 31 CFR 1010.100(t). \n 3. Transmittals of Funds \n The order defines transmittals of funds as the sending and receiving of funds, including <span class=\"match\">convertible virtual currency</span>. \n 4. Meaning of Other Terms \n All terms used but not otherwise defined herein shall have the meaning set forth in 31 CFR Chapter X, 31 U.S.C. 5312, and 21 U.S.C. 2302. \n B. Prohibition on Transmittals of Funds Involving Intercam \n A covered financial institution"},{"title":"Imposition of Special Measure Regarding Huione Group, as a Foreign Financial Institution of Primary Money Laundering Concern","type":"Rule","abstract":"FinCEN is issuing this final rule to prohibit covered U.S. financial institutions from opening or maintaining a correspondent account for, or on behalf of Huione Group, a foreign financial institution based in Cambodia found to be of primary money laundering concern pursuant to section 311 of the USA PATRIOT Act. The rule further requires covered financial institutions to apply special due diligence to their foreign correspondent accounts that is reasonably designed to guard against the use of such accounts to process transactions involving Huione Group.","document_number":"2025-19571","html_url":"https://www.federalregister.gov/documents/2025/10/16/2025-19571/imposition-of-special-measure-regarding-huione-group-as-a-foreign-financial-institution-of-primary","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-10-16/pdf/2025-19571.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-19571.pdf?1760532307","publication_date":"2025-10-16","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"Lazarus Group,\n 15 \n \n an entity sanctioned by Treasury's Office of Foreign Assets Control (OFAC)—and <span class=\"match\">Convertible Virtual Currency</span> (CVC) investment scams carried out by transnational criminal organizations (TCOs) based in Southeast Asia.\n 16 \n \n \n \n \n 15 \n  The Lazarus Group is an agency, instrumentality, or controlled entity of the government of the Democratic People's Republic of Korea, that has stolen large volumes of <span class=\"match\">Convertible Virtual Currency</span> in numerous and often widely reported cyber heists. On September 13, 2019, the Lazarus Group was sanctioned"},{"title":"Imposition of Special Measure Prohibiting Certain Transmittals of Funds Involving CIBanco S.A., Institución De Banca Multiple","type":"Rule","abstract":"FinCEN is issuing notice of an order prohibiting certain transmittals of funds involving CIBanco S.A., Instituci[oacute]n De Banca Multiple, a financial institution operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking.","document_number":"2025-11993","html_url":"https://www.federalregister.gov/documents/2025/06/30/2025-11993/imposition-of-special-measure-prohibiting-certain-transmittals-of-funds-involving-cibanco-sa","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-06-30/pdf/2025-11993.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-11993.pdf?1751028310","publication_date":"2025-06-30","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"Financial Institution \n The order defines a covered financial institution as having the same meaning as “financial institution” in 31 CFR 1010.100(t). \n 3. Transmittals of Funds \n The order defines transmittals of funds as the sending and receiving of funds, including <span class=\"match\">convertible virtual currency</span>. \n 4. Meaning of Other Terms \n All terms used but not otherwise defined herein shall have the meaning set forth in 31 CFR Chapter X, 31 U.S.C. 5312, and 21 U.S.C. 2302. \n B. Prohibition on Transmittals of Funds Involving CIBanco \n A covered financial institution"},{"title":"Special Measure Regarding Huione Group, as a Foreign Financial Institution of Primary Money Laundering Concern","type":"Proposed Rule","abstract":"FinCEN is issuing a notice of proposed rulemaking (NPRM), pursuant to section 311 of the USA PATRIOT Act, that proposes prohibiting the opening or maintaining of a correspondent account in the United States for, or on behalf of, Huione Group, a foreign financial institution based in Cambodia found to be of primary money laundering concern. The NPRM also would require covered financial institutions to apply special due diligence to their foreign correspondent accounts that is reasonably designed to guard against their use to process transactions involving Huione Group.","document_number":"2025-07837","html_url":"https://www.federalregister.gov/documents/2025/05/05/2025-07837/special-measure-regarding-huione-group-as-a-foreign-financial-institution-of-primary-money","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-05-05/pdf/2025-07837.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-07837.pdf?1746189943","publication_date":"2025-05-05","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"Lazarus Group,\n 15 \n \n an entity sanctioned by Treasury's Office of Foreign Assets Control (OFAC)—and <span class=\"match\">Convertible Virtual Currency</span> (CVC) investment scams carried out by transnational criminal organizations (TCOs) based in Southeast Asia.\n 16 \n \n \n \n \n 15 \n  The Lazarus Group is an agency, instrumentality, or controlled entity of the government of the Democratic People's Republic of Korea, that has stolen large volumes of <span class=\"match\">Convertible Virtual Currency</span> in numerous and often widely reported cyber heists. On September 13, 2019, the Lazarus Group was sanctioned"},{"title":"Imposition of Special Measure Prohibiting the Transmittal of Funds Involving Bitzlato","type":"Rule","abstract":"FinCEN is issuing an order, pursuant to the Combating Russian Money Laundering Act, as amended by the National Defense Authorization Act for Fiscal Year 2022, to prohibit certain transmittals of funds (as defined in this order) by any covered financial institution involving Bitzlato Limited (Bitzlato), a financial institution operating outside of the United States determined to be of a primary money laundering concern in connection with Russian illicit finance.","document_number":"2023-01189","html_url":"https://www.federalregister.gov/documents/2023/01/23/2023-01189/imposition-of-special-measure-prohibiting-the-transmittal-of-funds-involving-bitzlato","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-01-23/pdf/2023-01189.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-01189.pdf?1674144914","publication_date":"2023-01-23","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":" The order defines Bitzlato, a CVC exchanger registered in Hong Kong and previously known as ChangeBot, to mean all subsidiaries, branches, and offices of Bitzlato operating in any jurisdiction, as well as any successor entity. \n 2. <span class=\"match\">Convertible Virtual Currency</span> (CVC) \n The order defines <span class=\"match\">convertible virtual currency</span> (CVC) as a medium of exchange that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status. Despite having legal tender status in at least one jurisdiction, for the purpose of this"},{"title":"Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements","type":"Proposed Rule","abstract":"The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) are jointly issuing this proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Specifically, it implements the GENIUS Act's directive to treat permitted payment stablecoin issuers (PPSIs) as financial institutions for purposes of the Bank Secrecy Act, proposes anti-money laundering obligations for PPSIs, and proposes certain specific obligations required by the GENIUS Act for PPSIs. It also implements the GENIUS Act's directive to require PPSIs to maintain effective sanctions compliance programs.","document_number":"2026-06963","html_url":"https://www.federalregister.gov/documents/2026/04/10/2026-06963/permitted-payment-stablecoin-issuer-anti-money-launderingcountering-the-financing-of-terrorism","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-10/pdf/2026-06963.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06963.pdf?1775738715","publication_date":"2026-04-10","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of Foreign Assets Control","name":"Foreign Assets Control Office","id":203,"url":"https://www.federalregister.gov/agencies/foreign-assets-control-office","json_url":"https://www.federalregister.gov/api/v1/agencies/203","parent_id":497,"slug":"foreign-assets-control-office"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"limited currently to proposed obligations to be imposed on PPSIs. FinCEN is aware that the addition of “digital asset” adds a term related to other terms used in the BSA, its own regulations and its guidance—most notably “value that substitutes for currency” and “<span class=\"match\">convertible virtual currency</span>.” FinCEN's defining and use of the term “digital asset” in proposed obligations to be imposed on PPSIs should not be construed, including by negative inference, to alter or displace anything about FinCEN's regulatory infrastructure related to value that substitutes"},{"title":"Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets","type":"Proposed Rule","abstract":"On December 23, 2020, FinCEN published a notice of proposed rulemaking (the \"NPRM\") proposing requirements for banks and money services businesses (\"MSBs\") related to certain transactions involving convertible virtual currency (\"CVC\") or digital assets with legal tender status (\"LTDA\"). On January 15, 2021, FinCEN published a document reopening the comment period for the NPRM (the \"Reopening Notice\"). In the Reopening Notice, FinCEN provided an additional 15 days for comments on the NPRM's proposed reporting requirements regarding information on CVC or LTDA transactions greater than $10,000, or aggregating to greater than $10,000, that involve unhosted wallets or wallets hosted in a jurisdiction identified by FinCEN. FinCEN further provided in the Reopening Notice for an additional 45 days for comments on the NPRM's proposed requirements that banks and MSBs report certain information regarding counterparties to transactions by their hosted wallet customers, and on the NPRM's proposed recordkeeping requirements. This notice of extension of comment period (\"Extension Notice\") extends the reopened comment period to allow additional time to respond to all aspects of the NPRM and sets one closing date for the comment period, instead of the two currently in effect. Accordingly, all comments to the proposed NPRM are now due 60 days from the date of publication of this Extension Notice.","document_number":"2021-01918","html_url":"https://www.federalregister.gov/documents/2021/01/28/2021-01918/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-01-28/pdf/2021-01918.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2021-01918.pdf?1611668734","publication_date":"2021-01-28","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"information regarding counterparties to transactions by their hosted wallet customers, and on the NPRM's proposed recordkeeping requirements.\n \n \n \n 1 \n  Requirements for Certain Transactions Involving <span class=\"match\">Convertible Virtual Currency</span> or Digital Assets, 85 FR 83840 (Dec. 23, 2020).\n \n \n \n \n 2 \n  Requirements for Certain Transactions Involving <span class=\"match\">Convertible Virtual Currency</span> or Digital Assets, 86 FR 3897 (Jan. 15, 2021).\n \n \n This Extension Notice extends the reopened comment period for all aspects of the NPRM's proposals to March 29, 2021, thereby further extending"},{"title":"Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets","type":"Proposed Rule","abstract":"On December 23, 2020, FinCEN published a notice of proposed rulemaking proposing requirements for banks and money services businesses (\"MSBs\") related to certain transactions involving convertible virtual currency (\"CVC\") or digital assets with legal tender status (\"legal tender digital assets\" or \"LTDA\"). As set forth below, FinCEN is identifying additional statutory authority for the proposed rule under the Anti-Money Laundering Act of 2020, providing additional information regarding the reporting form, and reopening the comment period for the proposal. Specifically, FinCEN is providing an additional 15 days for comments on the proposed reporting requirements regarding information on CVC or LTDA transactions greater than $10,000, or aggregating to greater than $10,000, that involve unhosted wallets or wallets hosted in a jurisdiction identified by FinCEN. FinCEN is providing an additional 45 days for comments on the proposed requirements that banks and MSBs report certain information regarding counterparties to transactions by their hosted wallet customers, and on the proposed recordkeeping requirements.","document_number":"2021-01016","html_url":"https://www.federalregister.gov/documents/2021/01/15/2021-01016/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-01-15/pdf/2021-01016.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2021-01016.pdf?1610631970","publication_date":"2021-01-15","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"Notice of proposed rulemaking; reopening of comment period. \n \n \n SUMMARY: \n \n On December 23, 2020, FinCEN published a notice of proposed rulemaking proposing requirements for banks and money services businesses (“MSBs”) related to certain transactions involving <span class=\"match\">convertible virtual currency</span> (“CVC”) or digital assets with legal tender status (“legal tender digital assets” or “LTDA”). As set forth below, FinCEN is identifying additional statutory authority for the proposed rule under the Anti-Money Laundering Act of 2020, providing additional information"},{"title":"Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets","type":"Proposed Rule","abstract":"FinCEN is issuing this notice of proposed rulemaking to seek public comments on a proposal to require banks and money service businesses (\"MSBs\") to submit reports, keep records, and verify the identity of customers in relation to transactions involving convertible virtual currency (\"CVC\") or digital assets with legal tender status (\"legal tender digital assets\" or \"LTDA\") held in unhosted wallets (as defined below), or held in wallets hosted in a jurisdiction identified by FinCEN. FinCEN is proposing to adopt these requirements pursuant to the Bank Secrecy Act (\"BSA\"). To effectuate certain of these proposed requirements, FinCEN proposes to prescribe by regulation that CVC and LTDA are \"monetary instruments\" for purposes of the BSA. However, FinCEN is not proposing to modify the regulatory definition of \"monetary instruments\" or otherwise alter existing BSA regulatory requirements applicable to \"monetary instruments\" in FinCEN's regulations, including the existing currency transaction reporting (\"CTR\") requirement and the existing transportation of currency or monetary instruments reporting requirement.","document_number":"2020-28437","html_url":"https://www.federalregister.gov/documents/2020/12/23/2020-28437/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-12-23/pdf/2020-28437.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-28437.pdf?1608326888","publication_date":"2020-12-23","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"holiday shall be treated as if received on the next business day following the deposit.\n \n \n (c) \n Multiple transactions in <span class=\"match\">convertible virtual currency</span> or digital assets with legal tender status. \n In the case of banks and money services businesses, for purposes of the transactions in <span class=\"match\">convertible virtual currency</span> and digital assets with legal tender status reporting requirements in this chapter, multiple <span class=\"match\">convertible virtual currency</span> and digital assets with legal tender status transactions shall be treated as a single transaction if the bank or money"},{"title":"Threshold for the Requirement To Collect, Retain, and Transmit Information on Funds Transfers and Transmittals of Funds That Begin or End Outside the United States, and Clarification of the Requirement To Collect, Retain, and Transmit Information on Transactions Involving Convertible Virtual Currencies and Digital Assets With Legal Tender Status","type":"Proposed Rule","abstract":"The Board and FinCEN (collectively, the \"Agencies\") are issuing this proposed rule to modify the threshold in the rule implementing the Bank Secrecy Act (\"BSA\") requiring financial institutions to collect and retain information on certain funds transfers and transmittals of funds. The proposed modification would reduce this threshold from $3,000 to $250 for funds transfers and transmittals of funds that begin or end outside the United States. FinCEN is likewise proposing to reduce from $3,000 to $250 the threshold in the rule requiring financial institutions to transmit to other financial institutions in the payment chain information on funds transfers and transmittals of funds that begin or end outside the United States. The Agencies are also proposing to clarify the meaning of \"money\" as used in these same rules to ensure that the rules apply to domestic and cross-border transactions involving convertible virtual currency (\"CVC\"), which is a medium of exchange (such as cryptocurrency) that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status. The Agencies further propose to clarify that these rules apply to domestic and cross-border transactions involving digital assets that have legal tender status.","document_number":"2020-23756","html_url":"https://www.federalregister.gov/documents/2020/10/27/2020-23756/threshold-for-the-requirement-to-collect-retain-and-transmit-information-on-funds-transfers-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-10-27/pdf/2020-23756.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-23756.pdf?1603466117","publication_date":"2020-10-27","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":" The regulatory definitions of “money” and “<span class=\"match\">convertible virtual currency</span>” that this rulemaking proposes to add to the definitions of “payment order” and “transmittal order” at 31 CFR 1010.100(ll) and (eee) are specific to those provisions and not intended to have any impact on, inter alia, the definition of “currency” in 31 CFR 1010.100(m). Furthermore, nothing in this document shall constitute a determination that any asset that is within the regulatory definitions of “money” or “<span class=\"match\">convertible virtual currency</span>” that this rulemaking proposes to add to"},{"title":"Anti-Money Laundering Regulations for Real Estate Transactions","type":"Proposed Rule","abstract":"FinCEN is issuing this advance notice of proposed rulemaking (ANPRM) to solicit public comment on potential requirements under the Bank Secrecy Act (BSA) for certain persons involved in real estate transactions to collect, report, and retain information. The systemic money laundering vulnerabilities presented by the U.S. real estate sector, and consequently, the ability of illicit actors to launder criminal proceeds through the purchase of real estate, threatens U.S. national security and the integrity of the U.S. financial system. Accordingly, FinCEN intends to begin the rulemaking process to address such vulnerabilities. As a first step in this rulemaking process, FinCEN is issuing this ANPRM to seek initial public comment on questions that will assist FinCEN in the consideration and preparation of a proposed rule.","document_number":"2021-26549","html_url":"https://www.federalregister.gov/documents/2021/12/08/2021-26549/anti-money-laundering-regulations-for-real-estate-transactions","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-12-08/pdf/2021-26549.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2021-26549.pdf?1638884725","publication_date":"2021-12-08","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"purchase or transaction that is not financed via a loan, mortgage, or other similar instrument, issued by a bank or non-bank residential mortgage lender or originator, and that is made, at least in part, using currency or value that substitutes for currency (including <span class=\"match\">convertible virtual currency</span> (CVC)), or a cashier's check, a certified check, a traveler's check, a personal check, a business check, a money order in any form, or a funds transfer.\n \n \n \n Money laundering vulnerabilities exist throughout the United States real estate market. These vulnerabilities"}]}