Ripple Labs Fined $700,000 by FinCEN, Will Institute Transaction Monitoring Across Ripple Protocol

Earlier today, Ripple Labs Inc. was fined $700,000 for “willfully violating several requirements of the Bank Secrecy Act (BSA).” The Financial Crimes Enforcement Network (FinCEN) stated that the company issued its own currency (XRP) and failed to implement adequate anti-money laundering measures, in addition to operating as a money services business without the proper authorization from the federal regulatory body. FinCEN worked with the US Attorney’s Office for the Northern District of California to coordinate the civil money penalty against Ripple Labs Inc and XRP II, LLC, which is owned by Ripple Labs. Sale of XRP to Roger Ver A statement of facts included in FinCEN’s assessment of the violations describes multiple situations where XPR II “failed to file, or […]

The post Ripple Labs Fined $700,000 by FinCEN, Will Institute Transaction Monitoring Across Ripple Protocol appeared first on Bitcoin Magazine.


Continue reading…

 

Building for the Future: A New Federal Guide to Infrastructure Planning and Design

Today, the White House is convening the nation’s leading thinkers on infrastructure planning and design to highlight how projects like new roads and transit lines can be designed to foster economic opportunity and increase resilience to the impac…
Continue reading…

 

Former Japanese journalist says ‘comfort women’ apology needed

NEW YORK, May 5 (UPI) — A former Japanese journalist who received death threats for his investigation of “comfort women” said Tokyo should apologize for Japan’s wartime past. Takashi Uemura, who first reported on the women in 1991, said he

The post Former Japanese journalist says ‘comfort women’ apology needed appeared first on Breitbart.


Continue reading…

 

‘Doctor Zhivago’ closing on Broadway after 26 previews, 23 regular performances

NEW YORK, May 5 (UPI) — The new musical Doctor Zhivago is to play its final performance at the Broadway Theatre on Sunday. Based on Boris Pasternak’s Nobel Prize-winning, 20th-century epic Russian masterpiece, the show is closing after 26 previews

The post ‘Doctor Zhivago’ closing on Broadway after 26 previews, 23 regular performances appeared first on Breitbart.


Continue reading…

 

Armed groups in C. African Republic agree to free children

BANGUI, Central Africa Republic (AP) — The United Nations says that armed groups in Central African Republic have agreed to release any children they are holding and not to recruit child soldiers. U.N. Children’s Agency representative Mohamed Malick Fall said

The post Armed groups in C. African Republic agree to free children appeared first on Breitbart.


Continue reading…