![]() The investigation adds to the embattled bank's woes. account holders, particularly those with South American passports, who may not have told the Internal revenue Service about assets worth hundreds of millions of dollars, the report said, citing people familiar with the matter. Investigators are examining whether the bank aided U.S. clients hide assets from authorities, eight years after the Swiss bank paid a $2.6-billion tax evasion settlement, Bloomberg News reported on Tuesday. Justice Department is investigating whether Credit Suisse continued helping U.S. “Bittrex’s failures created exposure to high-risk counterparties including sanctioned jurisdictions, darknet markets, and ransomware attackers.”Ĭredit Suisse headquarters in Zurich, Switzerland October 4, 2022. financial system to threat actors,” said FinCEN Acting Director Himamauli Das. “For years, Bittrex’s AML program and failures unnecessarily exposed the U.S. An investigation by the Financial Crimes Enforcement Network found that, from February 2014 through December 2018, Bittrex failed to maintain an effective anti-money laundering program (AML).įinCEN will credit the payment of $24 million as part of Bittrex’s agreement to settle its potential liability with OFAC. ![]() OFAC said the cryptocurrency exchange failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its platform to engage in approximately $263 million worth of virtual currency-related transactions between March 2014 and December 2017.īittrex has agreed to remit $29 million for its willful violations of the Bank Secrecy Act. ![]() was fined more than $24 million on Tuesday over apparent violations of multiple sanctions programs.īittrex agreed to remit $24 million to the Office of Foreign Assets Control settle its potential civil liability for 116,421 apparent violations of multiple sanctions programs, the Treasury Department said. The Treasury Department said crypto exchange Bittrex Inc. ![]()
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