Sep 25, 2020
Following the publication of the FinCEN Files on Monday, investors suing OneCoin have now added allegations against BNY Mellon to their lawsuit.
From the CoinDesk Global Macro news desk, this is Borderless - a twice-monthly roundup of the most important stories impacting Bitcoin and the crypto sector from around the world.
Financial data records collected by FinCEN are a valuable tool for law enforcement. They’re also a trove of personal data on people who have not committed a crime.
The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services.
The leaked "FinCEN files" show BNY Mellon flagged a $30 million purported loan that it helped wire as one suspected case of OneCoin laundering funds.