alerts & publications
Op-Ed for Bitcoin Magazine: A Quick-Start Token Sale Compliance GuideMarch 30, 2018
O’Melveny senior counsel Laurel Loomis Rimon recently authored “A Quick-Start Token Sale Compliance Guide: What You Need to Know” for Bitcoin Magazine.
“Compliance with Anti-Money Laundering (AML) rules and with the economic sanctions administered by the Treasury Department’s Office of Foreign Assets Control (OFAC) can be a daunting task for any business,” Loomis Rimon writes. “When it comes to the fast-moving world of token sales and cryptocurrencies in general, much of the legal and regulatory landscape is yet to be settled, but the obligation to comply with AML and OFAC laws is clear. This quick start guide to AML and OFAC compliance aims to provide entrepreneurs and in-house counsel an early roadmap for planning and reaching their compliance goals as they think about kicking off a token sale.” Read more from Loomis Rimon’s piece here.
Loomis Rimon represents clients on a broad range of anti-money laundering and fintech enforcement issues. While an Assistant United States Attorney in the District of Columbia, she successfully handled the money laundering and money transmitting prosecution of the “e-gold” enterprise, one of the earliest digital currencies.
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