Joe Ciccolo - BitAML

Banks Turn to Bitcoin Tracking in Fight Against Human Trafficking

Posted on February 27, 2017

The following is an excerpt from an article published on CoinDesk in which BitAML founder, Joe Ciccolo, contributes his insights on tracking illicit profits from human trafficking on the blockchain. [B]etween 2005 and 2012, there were 25 human trafficking convictions in the country, with the International Labour Organization (ILO) estimating a total of 20.9 million […]

Analysis: Western Union Settlement

Posted on January 25, 2017

The following is an excerpt from an article published on NASDAQ.com and Bitcoin Magazine in which BitAML founder, Joe Ciccolo, analyzes the recent FinCEN enforcement action with Western Union, and lessons learned. There are several takeaways from the experience of this legacy organization for money transfers that their counterparts in the Bitcoin space would be wise […]

State of Regulation 2017, Bitcoin and Blockchain

Posted on January 18, 2017

The following is an excerpt from an article published on dinbits.com in which BitAML founder, Joe Ciccolo, shares his thoughts on the bitcoin compliance landscape for 2017. The regulatory landscape in the United States for virtual currency and blockchain technology is more defined than ever in 2017. As of January 1st, 2017 there are now […]

FutureTech Podcast: Bitcoin Compliance

Posted on January 12, 2017

Recently, BitAML Founder and President, Joe Ciccolo, sat down with Rich Jacobs of FutureTech Podcast to discuss bitcoin regulation, compliance and the future of financial services. The podcast is available both online and via iTunes. Enjoy! […]

Fintech Firms Trek Towards Compliance

Posted on December 29, 2016 (December 16, 2022)

The following is an excerpt from an article published on Moneylaundering.com in which BitAML founder, Joe Ciccolo, shares his thoughts on the evolution of fintech compliance. “…Some fintech firms have registered as money services business—perhaps the most familiar category of financial customer to bankers and regulators alike. Others have adapted their business models to avoid […]

FinCEN Regulation vs. LocalBitcoins’ Portable Bitcoin ATM

Posted on November 14, 2016

The following is an interview of BitAML Founder & President, Joe Ciccolo, originally published on CoinIdol. In it, Joe discusses the regulatory compliance implications for newly released portable bitcoin ATM devices. The Portable Bitcoin ATM presented by LocalBitcoins in October 2016, may cause MSB compliance issues. In a conversation with CoinIdol.com, Anti-Money Laundering specialist Joe […]

Coffee with Congressman Kinzinger, sponsor of pro-bitcoin H.R. 835

Posted on October 5, 2016

Earlier this week, I sat down with Congressman Adam Kinzinger, sponsor of the H.R. 835, a resolution calling for a pro-bitcoin national policy. We met in a popular local coffee shop in downstate Illinois, a predominately rural, farming region far removed from the bright lights and big city bitcoin hub of Chicago…or any major city […]

Bitcoin: Building A Better World, Block By Block

Posted on July 28, 2016

The following is a guest blog post published in collaboration with Biometrica, a security services firm focused on linking the physical to the digital. Contrary to what people think, bitcoin isn’t made for the bad guys. It’s actually the perfect tool for regulators, investigators, banks and NBFIs like casinos that want an absolute audit trail The […]

FinCEN Talks “De-Risking” (again)

Posted on June 9, 2016

Earlier this week, FinCEN released a transcript of prepared remarks delivered by Deputy Director Jamal El-Hindi to the Conference of State Bank Supervisors (CSBS) on May 26th. The topic of discussion was bank “de-risking”. This, of course, remains a critical concern for bitcoin companies, most of whom struggle to secure and maintain a basic commercial checking account. Addressing […]

Author: Joe Ciccolo

Posts by Joe Ciccolo