Key Disclosure Laws Can Be Used To Confiscate Bitcoin Assets - Forbes

roryn3kids — Wed, 12 Sep 2012 22:12:12 +0000

Jail time for refusing to comply with mandatory key disclosure hasn’t occurred in the United States yet. But, it’s already happening in jurisdictions such as the UK, where a 33-year-old man was incarcerated for refusing to turn over his decryption keys and a youth was jailed for not disclosing a 50-character encryption password to authorities.

HSBC Bank USA used by 'drug kingpins and rogue nations'

ecigarettes — Tue, 17 Jul 2012 21:36:58 +0000

HSBC provided a conduit for "drug kingpins and rogue nations", according to a US Senate committee investigating money laundering claims at the bank. Its report said suspicious funds from countries including Mexico, Iran and Syria had passed through the bank. The president and chief executive of HSBC Bank USA, Irene Dorner, apologised to the committee for the behaviour which she said deeply regretted. Earlier, HSBC's head of compliance, David Bagley, resigned at the hearing.

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Key Disclosure Laws Can Be Used To Confiscate Bitcoin Assets - Forbes

HSBC Bank USA used by 'drug kingpins and rogue nations'