#VRM Archives - Page 10 of 13

FinCEN and the U.S. Department of Commerce’s Bureau of Industry and Security Urge Increased Vigilance for Potential Russian and Belarusian Export Control Evasion Attempts

June 26, 2026August 15, 2022 by Thomas Canova

The Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS)1 are issuing a joint alert2 urging financial institutions3 to be vigilant against efforts by individuals or entities to evade BIS export controls implemented in connection with the Russian Federation’s (Russia) further invasion of Ukraine. This joint alert … Read more

The Continued Use Cryptocurrency Exchanges and Tools to Lessen the Strength of U.S. Sanctions

June 26, 2026August 1, 2022 by Thomas Canova

The Treasury Department continues to investigate sanctions violations by crypto exchange companies in whether their crypto exchange allows users in sanctioned countries to buy and sell digital tokens. For example, The Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 as reported by NY Times. It appears that Kraken would be … Read more

New SEC Cybersecurity Reporting Requirements – What Companies Need to Consider

July 20, 2022July 18, 2022 by Thomas Canova

In March of this year, the Securities and Exchange Commission (SEC) proposed a set of rules and amendments that the agency expects will strengthen the financial sector’s defense against cyberattacks. They seek to standardize disclosures and admissions of material cybersecurity incidents and improve visibility into a company’s cybersecurity risk management and governance policies to better inform investors. … Read more

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