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Title    U.S. Senate Holds Meeting on Money Laundering Bill
Date    Tuesday December 05 2017, @05:57PM
Author    martyb
Topic   
from the all-your-coin-are-belong-to-us dept.
https://soylentnews.org/politics/article.pl?sid=17/12/05/0238252

An Anonymous Coward writes:

In May, the bill S.1241 (archive) was introduced in the U.S. Senate by Chuck Grassley, a Republican Senator from Iowa. The bill, if enacted, would call upon the Department of Homeland Security to develop

a strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States

According to a story at btcmanager.com (square brackets in original),

the bill would "criminalize [those] intentionally concealing ownership or control of a [digital currency or digital exchange] account.

The Senate held a meeting about the bill on November 28. Witnesses included Charles Davidson of the Kleptocracy Initiative of the Hudson Institute conservative think tank; Douglas Farah of IBI Consultants, which specializes in "issues of national security, transnational crime, terrorism, terror finance and non-state armed actors"; and Kathryn Haun Rodriguez of Coinbase, a cryptocurrency exchange. Ms. Haun, however, made no mention of cryptocurrency in her testimony (PDF).


Original Submission

Links

  1. "S.1241" - https://www.congress.gov/bill/115th-congress/senate-bill/1241/text
  2. "archive" - https://web.archive.org/web/20171115194944/https://www.congress.gov/bill/115th-congress/senate-bill/1241/text
  3. "was introduced" - https://soylentnews.org/politics/article.pl?sid=17/06/23/1127233
  4. "Chuck Grassley" - https://en.wikipedia.org/wiki/Charles_Grassley
  5. "a story at btcmanager.com" - https://btcmanager.com/us-senate-bill-s-1241-criminalize-concealed-ownership-bitcoin/
  6. "a meeting" - https://www.judiciary.senate.gov/meetings/s1241-modernizing-aml-laws-to-combat-money-laundering-and-terrorist-financing
  7. "Kleptocracy Initiative of the Hudson Institute" - https://en.wikipedia.org/wiki/Hudson_Institute#Kleptocracy_Initiative
  8. "IBI Consultants" - https://www.ibiconsultants.net/
  9. "Coinbase" - https://en.wikipedia.org/wiki/Coinbase
  10. "her testimony" - https://www.judiciary.senate.gov/imo/media/doc/Haun%20Testimony.pdf
  11. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=23651

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printed from SoylentNews, U.S. Senate Holds Meeting on Money Laundering Bill on 2018-10-19 13:14:58