News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
OFAC enforcement action freezing $131M in Iran-linked wallets: AML, recordkeeping, and due-diligence obligations for accounting firms and CFOs handling digital assets
EU, US, and UK sanctions against Trickbot/Conti administrator 'Stern' and ransomware enablers trigger OFAC screening, wallet-tagging, and AML obligations for accounting firms, auditors, and CFOs.
A federal court's Daubert ruling validating blockchain analytics as admissible expert evidence raises the bar for forensic-grade data standards that accounting firms and CFOs must understand.
DOJ moving to drop charges against BitClub's alleged $722M mastermind raises serious questions about US crypto enforcement consistency, audit trails, and client-facing compliance obligations for accounting firms and CFOs.
CFTC charges North Carolina commodity pool operator with $14M crypto and futures fraud, signalling tougher scrutiny of unregistered pools mixing digital assets with traditional derivatives.
OFAC adds 134 ISIS-K and PCC-linked crypto wallets to SDN list on 1 July 2026, triggering immediate screening and transaction monitoring obligations for VASPs and financial institutions globally.
Approval phishing is a scalable, infrastructure-reusing scam that compliance teams can systematically detect and disrupt using on-chain intelligence and coordinated law enforcement protocols.
AML and compliance obligations triggered by the Huione Guarantee marketplace processing over $11 billion in USDT, with implications for transaction screening, SAR filing, and sanctions exposure at regulated firms globally
How mixers and privacy wallets undermine crypto compliance screening, and what accounting firms and auditors must do to manage the exposure
Cross-chain bridges enable large-scale crypto laundering beyond current AML controls, creating urgent compliance exposure for firms handling digital assets
State-federal jurisdictional clash over prediction market sports betting creates licensing and compliance risk for firms servicing event-contract platforms
DOJ guilty plea in the Goliath Ventures $400M crypto Ponzi highlights fraud-indicator recognition, investor-loss accounting, and bank AML exposure for practitioners advising affected clients or reviewing similar structures
State vs federal jurisdiction clash over prediction markets licensing creates compliance uncertainty for firms offering or auditing event-contract platforms
OFAC adds 130+ ISIS-linked Tron wallets to the SDN list, raising immediate screening and due-diligence obligations for crypto businesses and their advisers.
Third Circuit's Murrin decision binds Tax Court practitioners in DE/NJ/PA: a preparer's fraud alone triggers Section 6501(c)(1)'s unlimited assessment window, exposing innocent clients to decades of back-tax and interest liability
Vertical integration in prediction markets is accelerating M&A interest while simultaneously raising CFTC jurisdiction, antitrust, and state-gambling-law conflicts that compliance teams need to track.
Huione Group has become the largest illicit online marketplace ever recorded, with its own unregulated stablecoin USDH designed to evade asset freezes. Accounting firms and compliance teams need to understand the transaction volumes, the USDH exposure risk, and the AML obligations this creates.
OFAC's SDN list now includes identified on-chain addresses, raising the compliance bar for every firm that touches crypto assets
TIGTA finds IRS cannot centrally track all 1,124+ federal tax information data-sharing agreements, raising governance and FTI protection concerns for tax practitioners and compliance teams
IRS disputes CP53E errors exist while AICPA collects practitioner examples of erroneous notices sent to taxpayers who owed nothing
ESMA's role in the 2025 CCP Global CIDS fire drill and what the published report means for clearing members, auditors, and compliance leads
The FBI's action against Huione Group, the largest illicit crypto marketplace ever recorded, signals a new baseline for AML due diligence and stablecoin transaction screening at regulated firms.
The IRS has issued new guidance on AI risks under Circular 230, increasing compliance duties for tax practitioners. Crypto accounting software can help firms manage these obligations.
