BitAML Blog

The ‘family member in danger’ scam explained
July 20, 2020
When consumers receive a call from a ‘family member’ who claims to be in some kind of trouble and is asking for a payment...

Can your employees also be your customers?
July 13, 2020
Bitcoin businesses tend to attract crypto enthusiasts as employees. But does allowing your employees also to be your customers cross an ethical (or legal)...

What every crypto business should do for consumer protection
July 6, 2020
The time has come for entrepreneurs in the bitcoin and cryptocurrency space to implement robust consumer protection protocols. Here’s how. Consumer protection is an...

Is the U.S. too hard on cryptocurrency?
June 29, 2020
Are U.S. cryptocurrency regulations too strict? While critics say that the U.S. regulatory system is stacked against the crypto market, the truth is more...

How To Get More Out Of Annual AML Training
June 22, 2020
An AML training program for employees is critical to the success of BSA/AML compliance for cryptocurrency businesses, but only truly effective if it includes...

3 popular crypto business models and their unique compliance needs
June 15, 2020
These are the respective risks and compliance countermeasures for the top three most common cryptocurrency business models. If you’re an entrepreneur, we’ll explain the...

What is a bitcoin ATM? What consumers should know
June 8, 2020
There are over 2,000 Bitcoin ATMs in the United States alone. If you’re curious about investing in cryptocurrency, one of these machines might be...

What to look for in customer IDs for good KYC
June 1, 2020
A lot of good KYC data can be collected simply by asking to see an ID. Here’s what to look for, and what might...

How Does Bitcoin Money Laundering Hurt Businesses?
May 25, 2020
Billions of dollars have been laundered through cryptocurrency exchanges — bitcoin businesses often find themselves on the front lines Money laundering is a significant...