$110 Million: BTC-e Fined as US Vows Crackdown on Unregulated Bitcoin Exchanges
My investment :(
On July 26, 2017, The Financial Crimes Enforcement Network (FinCEN) announced the assessment of a $110,003,312 civil money penalty against BTC-e, or Canton Business Corporation (BTC-e) for “willfully violating U.S. anti-money laundering (AML) laws.”FinCEN worked in coordination with the U.S. Attorney’s Office for the Northern District of California. According to official documents, Russian national Alexander Vinnik was indicted along with BTC-e “in the Northern District of California under 18 U.S.C. §§ 1956, 1957, and 1960 for money laundering, conspiracy to commit money laundering, engaging in unlawful monetary transactions, and the operation of an unlicensed money transmitting business.” Vinnik was arrested earlier today in Greece on a U.S. warrant. FinCEN assessed a $12 million penalty against Vinnik for his “role in the violations.”
Source: https://www.ethnews.com/fincen-fines-btc-e-for-violating-us-anti-money-laundering-laws
Interesting to learn where BTC-E operated from and how US Law reaches out over non-US citizens (I thought BTC-E operated out of Bulgaria).
Who you know. But many clients of BTC-e are from North America because the price of Bitcoin is quite low here