The FBI says crypto money transmitting services that purposely break the law or knowingly facilitate illegal transactions will be investigated.
The FBI has issued a public service announcement today, warning Americans against using unregistered and non-Know Your Customer cryptocurrency money transmitting services.
This announcement, identified as Alert Number I-042524-PSA, urged Americans to only engage with registered Money Services Businesses that comply with anti-money laundering regulations. According to United States federal law, cryptocurrency money transmitting services must be registered as MSBs and adhere to AML requirements . The FBIfailure to comply may result in financial disruptions during law enforcement actions, particularly if funds are mixed with illegally obtained money.
The warning clarified that services that knowingly facilitate illegal transactions or violate federal laws are subject to investigation by law enforcement agencies, and that individuals using such services may lose access to their funds during enforcement operations.the founders and CEO of popular privacy focused Bitcoin wallet and mixer, Samourai Wallet, and charged them with laundering “more than $100 million in criminal proceeds.
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