California Enacts AB 5, Gig Worker Bill

FinCEN Has Eye on Sports Betting, Crypto Money Laundering Risks

Casino1In an article published by Bloomberg, Partners Reid J. Schar and Wade A. Thomson and Associate E.K. McWilliams highlight a recent speech by the director of the Financial Crimes Enforcement Network (FinCEN), an arm of the Treasury Department.  Speaking at an anti-money laundering conference in Las Vegas, FinCEN Director Kenneth A. Blanco affirmed the Department’s commitment to enforcing the Bank Secrecy Act on casinos and other businesses that deal in cryptocurrency.  The authors give context to the speech and discuss its implications for brick-and-mortar and online gaming establishments.

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