Virtual Currency Exchange Pleads Guilty to Criminal Charges Related to Anti-Money Laundering Violations and Pays Multi-Million Dollar Fine to FinCEN

On December 9, 2025, the US Department of Justice (“DOJ”) announced a guilty plea by a peer-to-peer convertible virtual currency exchange (the “CVC Exchange”) for conspiring to: (i) violate the Travel Act; (ii) operate an unlicensed money transmitting business; and (iii) violate the Bank Secrecy Act’s (“BSA”) anti-money laundering (“AML”) program requirements….
By: Mayer Brown