BitAML Blog
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...
3 SAR filing tips based on emerging best practices
October 5, 2020
Guidance on suspicious and/or unusual activity reporting for cryptos is always evolving. Here are 3 tips based on the latest compliance best practices for...
Crypto investment scams: what businesses need to know for consumer protection
September 28, 2020
First-time or existing customers may be vulnerable to fraudulent investment schemes that promise high returns that never materialize. Here are some red flags businesses...
California’s Crypto Regulatory Framework Is Back In Play
September 21, 2020
A rider bill that recently passed in the California legislature suggests a stalled regulatory overhaul with big implications for cryptocurrency is once again in...
Prize scams: What crypto businesses can do to prepare
September 14, 2020
First-time customers attempting to purchase cryptocurrency because they “won the lottery” or some other prize could be victims of a scam in progress. Here’s...
How check-cashing scams could be affecting your customers
September 7, 2020
If you run a crypto business, be on the lookout for signs of check-cashing scams. This old-fashioned fraud is as prevalent as ever. Even...
What is a ‘ticket scam’ and why do cryptos need to understand it?
August 17, 2020
This old-fashioned scam is more prevalent than you think — and your customers could be at risk. If you run a cryptocurrency exchange, kiosk...
How a ‘utility scam’ works and what crypto business owners need to know
August 10, 2020
Americans lose millions in utility scams each year, especially as winter approaches. More scammers are asking for cryptocurrency. BitAML is continuing its blog series...