Criminals Are Watching the DOJ’s Crypto Shift. So Should We

The Trump administration’s policies could unleash a wave of white-collar crime

The administration has rolled back crypto regulations, gutted enforcement and pulled back from prosecuting financial crimes.

Criminals Are Watching the DOJ’s Crypto Shift. So Should We

The Department of Justice recently issued new guidance directing prosecutors to scale back their efforts to investigate and litigate cryptocurrency crimes. This subsequently disbands the government’s National Cryptocurrency Enforcement Team (NCET) in an effort to prioritize immigration and procurement issues over cryptocurrency enforcement. While the DOJ frames this as a move to streamline resources, threat actors are watching – and adapting.Whi…

Power Shift: What Happens When America Steps Back From Global AML Enforcement?

For decades, the US has served as the world’s leading enforcer against financial crime. Trapets executive Joe Biddle examines how recent US policy shifts could dramatically reshape the global anti-money laundering landscape, particularly for UK financial institutions caught between American and European regulatory frameworks. As Washington potentially retreats from aggressive international enforcement, a new EU authority could fill the void.  Fo…

The growing wave of crimes related to cryptocurrencies is going unnoticed in the United States. In an increasingly digital world, cybercrimes are gaining ground, while authorities seem to look the other way. This phenomenon raises serious questions about the security and regulation of cryptocurrencies in the country. The rise of crypto crimes In recent years, anonymity and the lack of regulation in the world of cryptocurrencies have made these t…

DOJ Is Leaving Some Kinds Of White-Collar Crime Enforcement

The Trump administration is withdrawing from some types of white-collar law enforcement, including cases involving foreign bribery, public corruption, money laundering and crypto markets. In some cases, the administration is effectively redefining what business conduct constitutes a crime, reports the Wall Street Journal. A White House executive order in February said bribery prosecutions hurt the ability of U.S. companies to compete overseas, p…