As another sign of the times, but arguably quite apt given the subject matter, the Consensus Blockchain Conference convened virtually in 2020, with Financial Crimes Enforcement Network (FinCEN) Director Ken Blanco delivering prepared remarks to the conference on May 13, 2020. In those remarks, Blanco confirmed that FinCEN and other federal authorities are focused on financial crimes involving virtual currency, and in particular on whether virtual currency service providers are meeting their obligations to identify and report such activity.

Read the full GT Alert, “FinCEN Director Confirms Enforcement Focus on Virtual Currency AML Compliance.”