BitAML Blog
A look at how cryptocurrency is changing compliance
December 28, 2020
Cryptocurrency financial institutions have invested significant resources into complying with traditional financial regulations. But how is this new technology improving financial compliance as a...
5 more red flags for cryptos based on new trends
December 21, 2020
We’ve written about red flags businesses should add to their transaction monitoring before. Now, we’re offering 5 more based on recent trends. Transaction monitoring...
3 improvements you should make to your AML program this year
December 14, 2020
This year saw numerous changes, both subtle and overt, to cryptocurrency AML compliance. As 2020 draws to a close, here are some improvements you...
More pressure from regulators to banks: Ease up on crypto
December 7, 2020
The OCC is pressing banks to ease discrimination against cryptocurrency businesses. The notice could have big implications for banking crypto. While the purpose of...
Do you need a license to trade cryptocurrency?
November 23, 2020
The answer is: it depends on what kind of trading you’re engaged in. We take a closer look at what kind of trading activities...
3 big regulatory trends that will impact cryptocurrency in 2021
November 16, 2020
The cryptocurrency regulatory landscape continues to shift rapidly, and next year will show no signs of slowing down. Here are the 3 biggest trends...
Ransomware scams are on the rise: What cryptos need to know for SAR filing
November 2, 2020
FinCEN and OFAC released joint advisories warning businesses about an increase in ransomware scams, along with new instructions for Suspicious Activity Report (SAR) filing....
3 risks your customers need to be aware of
October 26, 2020
Regulators are increasingly turning their focus to the crypto space, and consumer protection continues to be a major theme. What can businesses do to...
Banks are highly exposed to crypto, and FinCEN has noticed
October 9, 2020
FinCEN Director Kenneth A. Blanco pointedly warns traditional banks to understand their exposure to crypto in keynote remarks. Anyone who runs a cryptocurrency financial...