Not exact matches
He is accused of selling bitcoin to an undercover agent who posed
as a butane hash oil manufacturer,
as well
as operating an
unlicensed money transmitting business.
Failing to do so would be termed
as an
unlicensed transmission of
money, which is illegal in the US.
...
As a part of the settlement Neteller had to forgo an amount of $ 136 million and had to accept charges of conducting an «
unlicensed money transmitting business» and facilitating «unlawful transactions» between online gambling operators and players in the United States.
«Any group or individual developer who both (A) sold newly created tokens to buyers (i.e. had an ICO) involving U.S. residents and (B) failed to register with FinCEN
as a
money transmitter, and perform the associated compliance KYC / AML obligations, can be charged under a federal felony criminal statute, 18 U.S.C § 1960, with
unlicensed money transmission.
112 DOS 99 Matter of DOS v. Dorfman - adjournments; proper business practices; failure to appear at hearing; failure to cooperate with DOS investigation; accounting to client; ex parte hearing may proceed upon proof of proper service; individually licensed broker seeking to conduct brokerage business under a name other than his own must apply for a license under such new name; broker engaged in the leasing of real property through an
unlicensed corporation; broker failed to cooperate with DOS investigation by failing to respond to DOS letters and telephone calls; complaint alleges broker failed to provide an accounting or copies of records of management for owner's property; broker may be required to return commissions and fees received which he is not entitled to; $ 1,000.00 fine and suspension of broker's license until such time
as broker establishes he has fully complied with DOS's investigation and made a full and satisfactory accounting to owner, shall have paid to owner all
money due and owning to him
as established by the accounting, with interest, and shall have refunded to owner all commissions and other fees, with interest, paid