Treasury Department Speech on Enforcement Actions & Virtual Currencies

The Treasury Department’s Sigal Mandelker gave a good at speech at a SIFMA conference. She highlighted a few of FinCEN’s recent AML enforcement actions, and discussed regulatory efforts relating to virtual currencies. She also urged firms to “supercharge” their efforts to help FinCEN fight financial crime, and provided some helpful (and uncharacteristically detailed) guidance as to how firms could enhance their AML compliance program.

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