US resident arrested for trying to exchange bitcoins for illegal fiat
According to the docs by case filed by the Court of the Southern District of California, Morgan Rockoons (he the same Morgan Rockwell) accused in money laundering and servicing money transfer operations without a license. The government intends to confiscate all assets, relevant.
Photo: Twitter @NODEfather
In the episode of money laundering, the defendant is charged with Tom, that he deliberately transferred a financial transaction to a law enforcement official in order to obtain income from certain illegal activities. In 2016 year Rokkuns traded 9.998 BTC, on that one moment valued at $ 9,208, at $ 14,500 in fiat, which the he was handed over by an undercover agent, saying that the money had been received from production and sale of slurry oil (oil containing tetrahydrocannabinol). THC is an the main active ingredient in hemp and is listed as a controlled substance in the United States and on the list of prohibited substances on territory of the Russian Federation.
Regarding the charge of servicing money transfer transactions funds without licenses, it less substantive, since most US citizens fall under it, trading cryptocurrency in large volumes without a license. In one of previous cases of this kind, law enforcement stated, that any transaction over $ 3 000 should take place in conformity with by all identification requirements clients.