BitAML Blog

Consumer protection is ramping up in crypto. Are you ready?

February 22, 2021
The Consumer Financial Protection Bureau (CFPB) had harsh words recently for companies failing to respond to consumer complaints. Guess what kinds of companies feature...

How to spot scammers exploiting remote cryptocurrency transactions

February 1, 2021
Consumers are increasingly transacting cryptocurrency remotely, and financial criminals are taking advantage of the trend. What does this mean for your institutional compliance? Cryptocurrency...

Should automating compliance be your ultimate goal?

January 25, 2021
So you’ve automated a lot of your AML compliance. Now what? Here’s why cryptocurrency businesses shouldn’t rest on their laurels.  Most entrepreneurs in the...

What businesses should do about FinCEN’s crypto wallet rule

January 18, 2021
A new proposed rule requiring cryptos to identify personal wallets has been criticized as impossible to implement. Will it happen? We don’t know. But,...

3 areas of state regulatory focus as ‘no action’ comes to an end

January 11, 2021
As more states explore regulatory frameworks for cryptocurrency business, here are the key areas BitAML has advised policymakers on. While we at BitAML primarily...

6 helpful tips to prepare for your annual third-party review

January 4, 2021
The timeframe for independent testing has shortened. Here’s what you can do to prepare for your next review. As we’ve said numerous times, your...