Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern

October 23, 2023 Other, Regulation lookup 0

Title:	Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern
Subject:	AML; convertible virtual currency mixing
Agency:	FinCEN
Status:	Proposed rule
Summary:	FinCEN is issuing a notice of proposed rulemaking (NPRM), pursuant to section 311 of the USA PATRIOT Act, that proposes requiring domestic financial institutions and domestic financial agencies to implement certain recordkeeping and reporting requirements relating to transactions involving convertible virtual currency (CVC) mixing.
FR Doc:	2023-23449
Date proposed:	Oct. 19, 2023
Comments due date:	Jan. 22, 2024
Effective date:
Rule compliance date:
Agency release:	FinCEN Proposes New Regulation to Enhance Transparency in Convertible Virtual Currency Mixing and Combat Terrorist Financing
Related Reg Report item(s):	Proposal aims to curb ‘CVC mixing’ money laundering by malicious actors – including Hamas, Islamic Jihad

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