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November 21, 2023 ¡ª The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal Investigation (CI), has taken unprecedented action to hold Binance Holdings Ltd. and its affiliates (collectively, Binance) accountable for violations of the U.S. anti-money laundering (AML) and sanctions laws that protect American national security and the integrity of the international financial system. Binance is the world¡¯s largest virtual currency exchange, responsible for an estimated 60% of centralized virtual currency spot trading.

December 4, 2023 ¡ª Damian Williams, the United States Attorney for the Southern District of New York, Stuart M. Goldberg, the Acting Deputy Assistant Attorney General for Criminal Matters of the Justice Department¡¯s Tax Division, and Jim Lee, the Chief of the Internal Revenue Service Criminal Investigation (CI), announced today the filing of criminal charges against Swiss Bank, Banque Pictet et Cie SA (¡°Banque Pictet¡± or the ¡°Bank¡±) for conspiring with U.S. taxpayers and others to hide more than $5.6 billion in 1,637 secret bank accounts in Switzerland and elsewhere and to conceal the income generated in those accounts from the IRS.

Jan. 25, 2024 ¡ª The former president of the MGM Grand casino has pleaded guilty to a federal criminal charge for failing to file reports of suspicious transactions his casino was required to make pursuant to the Bank Secrecy Act (BSA), the Justice Department announced today.

November 3, 2023 ¡ª A Serbian man has been extradited to the United States, where he faces charges in two separate federal indictments in the Northern District of Texas and Eastern District of New York for his alleged participation in coordinated cryptocurrency and binary options schemes.

Brooklyn, NY ¨C Earlier today, at the federal courthouse in Brooklyn, a 22-count indictment was unsealed charging Iurii Gugnin with wire and bank fraud, conspiracy to defraud the United States, violation of the International Emergency Economic Powers Act (IEEPA), operating an unlicensed money transmitting business, failing to implement an effective anti-money laundering compliance program, failing to file suspicious activity reports, money laundering, and related conspiracy charges.

IR-2024-07, Jan. 10, 2024 ¡ª National Taxpayer Advocate Erin M. Collins released her 2023 Annual Report to Congress.

August 9, 2023 ¡ª A federal grand jury returned an indictment charging Reginald Davis, of Baltimore, Maryland, for wire fraud and money laundering relating to the submission of fraudulent COVID-19 CARES Act loan applications. Davis is the former Chief Executive Officer of Strong City Baltimore (¡°SCB¡±), established in Maryland in 2015 as a non-profit organization serving individuals, community associations, institutions, and businesses in Baltimore. The indictment was returned on August 3, 2023, and unsealed today upon the arrest of the defendant.

Oct. 10, 2024 ¡ª TD Bank N.A. (TDBNA), the 10th largest bank in the United States, and its parent company TD Bank US Holding Company (TDBUSH) (together with TDBNA, TD Bank) pleaded guilty today and agreed to pay over $1.8 billion in penalties to resolve the Justice Department¡¯s investigation into violations of the Bank Secrecy Act (BSA) and money laundering.

Monthly news release archive for January 2025

Press releases published by Criminal Investigation in July 2022.