On the other hand, FBI Criminal Investigative Division Assistant Director Calvin Shivers commented, “Criminals may think they can mask financial transactions by using services like Helix to conceal the source of illicit funds. The FBI and our state, local, federal and international law enforcement partners are working together every day in a complex and ever-changing digital environment to protect the American people from sophisticated money launderers and financiers.”
In October last year, the Financial Crimes Enforcement Network (FinCEN) imposed a $60 million penalty against Harmon for violating the Bank Secrecy Act (BSA) by operating Coin Ninja and Helix as an unregistered money services business.
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