Digital currency fraud will shape some of the spaces of “particular attention” for a brand new U.S. anti-crime process drive with participation from a number of govt our bodies, consistent with an government order issued July 11.
The Task Force on Market Integrity and Consumer Fraud, which could have the U.S. deputy lawyer normal as its chair and affiliate lawyer normal as vice chair, seeks to “provide guidance for the investigation and prosecution of cases involving fraud on the government, the financial markets, and consumers.”
The government order outlining the taskforce highlights spaces of specific consideration as “digital currency fraud,” in addition to fraud affecting most of the people, along side “money laundering, including the recovery of proceeds; health care fraud; tax fraud; and other financial crimes.”
The U.S. Securities and Exchange Commission (SEC) is one of the mission’s individuals, with chairman Jay Clayton pronouncing the transfer would permit regulators to coordinate actions extra successfully.
“At the SEC we work every day to protect Main Street investors,” he mentioned, proceeding:
“This Task Force will allow us to build on the close partnerships we have with our fellow regulators and law enforcement agencies to deter and combat retail fraud.”
The process drive’s different contributors in the meantime are set to be the U.S. Department of Justice, Consumer Financial Protection Bureau and the Federal Trade Commission.
The SEC and fellow regulator the Commodity Futures Trading Commission (CFTC) had previously committed to near tracking of cryptocurrency this 12 months, looking for to verify actors conformed to present securities rules.