Regulatory Alerts2023-01-18
Added
Imposition of Special Measure Prohibiting the Transmittal of Funds Involving Bitzlato
FinCEN determines that Bitzlato Limited, a virtual asset service provider operating outside the United States, is a financial institution of primary money laundering concern in connection with Russian illicit finance. This order prohibits certain transmittals of funds by any domestic financial institution or involving Bitzlato by any covered financial institution. The measure is effective February 1, 2023.