US Treasury issues call for public comment on illicit activity following Trump signing GENIUS stablecoin act into law The Block GENIUS Act inches closer to law amid Warren’s Fentanyl warning Yahoo Finance Yellen and Bessent Highlight Stablecoins as Catalyst for Global Dollar Dominance AInvest Treasury seeks stablecoin AML comment from public American Banker U.S. Treasury supports digital IDs as a safeguard against financial crime …
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FinCEN Issues Notice on the Use of Convertible Virtual Currency Kiosks for Scam Payments and Other Illicit Activity
WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice urging financial institutions to be vigilant in identifying and reporting suspicious activity involving convertible virtual currency (CVC) kiosks. While CVC kiosks can be a simple and convenient way for consumers to access CVC, they are also exploited by illicit actors, including scammers. The risk of illicit …
Read More »President Donald J. Trump Amends Duties to Address the Flow of Illicit Drugs Across our Northern Border – The White House
ADDRESSING A NATIONAL EMERGENCY: Today, President Donald J. Trump signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the higher tariff set to go into effect on August 1, 2025. Shortly after returning to office, President Trump declared a national emergency under the International Emergency Economic Powers Act (IEEPA) to address, among other things, the …
Read More »FDA asks Justice Department to classify gas station products with opioid-like effects as illicit substances
The Food and Drug Administration on Tuesday recommended classifying 7-OH, a compound with opioid-like effects found in unregulated tablets, gummies and drink mixes sold in gas stations and convenience stores, as an illicit substance. Such a move by the Justice Department would restrict or prohibit access to the products, which are also currently sold online. The chemical, formally known as …
Read More »Trump to sign legislation cracking down on illicit fentanyl
CNN — President Donald Trump will host congressional leaders and families affected by the fentanyl epidemic on Wednesday for a signing ceremony on bipartisan legislation that would strengthen prison sentences for fentanyl traffickers, White House officials tell CNN. The Halt All Lethal Trafficking of Fentanyl Act, which recently passed both the Senate and the House with bipartisan support, represents a …
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