FinCEN fined bitcoin mixer operator Helix $ 60 million …

FinCEN fined bitcoin mixer operator Helix $ 60 million for money laundering

The Financial Crimes Enforcement Network (FinCEN) under the U.S. Treasury Department today announced a $ 60 fine million on a bitcoin mixing service operator for many years of violations the law about bank secrecy.

According to The Block, Larry Dean Harmon became a defendant in the US Department of Justice case in February. About was accused of creating a need-oriented users bitcoin mixer darknet Helix. FinCEN says they have identified “at least 356 000 bitcoin transactions passed through Helix from June 2014 to December 2017 of the year“.

“Mister Harmon, who has carried out activities from faces Helix and Coin Ninja, served exchanger convertible virtual currencies, taking and passing bitcoins different ways. Helix completed over 1,225,000 transactions from June 2014 to December 2017 for their clients and was linked to virtual currency wallet addresses that sent or received over $ 311 million. FinCEN identified at least 356,000 bitcoins during its investigation-transactions, passed through Helix “, – says in document.

FinCEN states that Harmon knowingly went for violation of the legislation in relation to registration and reporting for business in the field of money transfers, and also did not use measures to combat money laundering and did not reported about suspicious activity to the responsible authorities.

IN answer to FinCEN request in March Helix stated, that does not provide services in the field of money transfers. Progress in Justice v Helix case has not been reported since filing in February.

FinCEN fined bitcoin mixer operator Helix $ 60 million ...

Earlier allegations of violation of the bank secrecy law authorities USA presented to the management exchanges BitMEX crypto derivatives.