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A mutual legal assistance treaty (MLAT) is an agreement between countries for the purpose of gathering and exchanging information in an effort to enforce public or criminal laws. It is often used to target crimes such as money laundering and drug trafficking. On November 4, 2020, the U.S. Department of Justice announced that, under an MLAT request from Brazil, it had seized virtual currency worth an estimated $24 million. According to documents filed in the…

Earlier this week, crypto-currency watchers noticed that there had been movement of about 70,000 Bitcoin from an account that had been dormant for many years. That mystery has now been solved. The U.S. Department of Justice announced on November 5, 2020 that it had seized the account. At the time of the seizure, the Bitcoin were worth more than $1 billion. According to the allegations of the civil forfeiture complaint, from 2011 until October 2013…

On June 25, 2020, the U.S. Securities and Exchange Commission charged NAC Foundation, its Chief Executive Officer Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin, a digital asset security the defendants claimed was a new and improved version of bitcoin. The SEC alleges that Nevada-based NAC Foundation raised at least $5.6 million from more than 2,400 investors by selling tokens that could later be converted to AML…