AML in the Age of Cryptocurrency (Part 2)

How do these Guidance items apply to a virtual currency business located in a foreign country?  On July 21, 2011, FinCEN published in the Federal Register a final rule on definitions and other regulations relating to money services businesses.[1]  An entity may now qualify as a MSB under the Bank Secrecy Act regulations based on […]

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About Roy Anderson

Roy C. Andersen, of counsel in Sullivan & Worcester’s New York office, is a member of the Corporate Department. Mr. Andersen focuses on bank regulatory and compliance matters, including international banks and their branches and agencies in New York. He has been involved in the formation of these offices, including drafting, filing and supporting the necessary applications. Upon establishment, he has advised on the application of Federal and New York laws with respect to their activities and operations.

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