Money Laundering Bulletin
First peer-to-peer exchanger fined US$35,000 for BSA/AML violations
Eric Powers, who operated a peer-to-peer exchange in the United States for purchase and sale of bitcoin for US dollars, has
been fined US$35,000 for not complying with
Bank Secrecy Act/anti-money laundering obligations. He has also agreed to ban on acting as a money services business (MSB).