BitAML Blog
CFPB: 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 including 6 helpful tips. As we’ve...
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...