As digital currencies have become more popular and commonplace, the government has stepped up its efforts to make sure that transactions and offerings do not run afoul of established regulations.
Continue reading Increased Government Scrutiny of Digital Currency Transactions
Tags: Bitcoin, Virtual Currency, Bank Secrecy Act, Financial Crimes, IRS, Internal Revenue Service, Anti-Money Laundering, Currency Financial Transactions, Cryptocurrency, Digital currency
At airports throughout the United States, Customs and Border Patrol (CBP) officers are seizing travelers’ cash when coming into and leaving the country for failure to report the cash. Regular international travelers may be familiar with the Customs forms airlines hand out just prior to arrival in the United States. On the form you must declare goods purchased during your international travel, as well as any cash in excess of $10,000. Most people do not realize, however, that you must also declare any cash in excess of $10,000 before you leave the United States, as well.
Continue reading Customs and Border Patrol is Seizing Travelers' Cash
Tags: Money Laundering, Customs and Border Patrol, Bank Secrecy Act, Financial Crimes
