BitAML Blog
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...
Token Risk Analysis: A Best Practice For Bitcoin Compliance
May 18, 2020
Robust risk analysis of the coins offered by money services businesses, including bitcoin ATMs, is an industry best practice that will eventually become a...
8 Important Ways You Can Test Your Compliance
May 11, 2020
You might be good at getting your compliance in tip-top shape ahead of an annual review, but could your business pass a surprise examination...
When Will I Need A Board Or BSA Compliance Officer?
May 4, 2020
Even if your business is too small for a Board of Directors or Compliance Officer, certain requirements must be met. In financial institutions, including...