BitAML Blog
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...
A Warning To Businesses About COVID-19 Compliance And Scams
April 27, 2020
What’s expected of AML compliance during the pandemic? Business as usual, says FinCEN. Economic slowdowns could hurt bitcoin ATM owners, and new, pandemic-inspired scams...
How To Record Funds Travel Rule Compliance
April 20, 2020
We’ve explained how the Funds Travel Rule applies to cryptocurrency businesses, but what’s the best way to record compliance with the guidance? To this...
Common Ways Your Customers May Try To Avoid KYC
April 13, 2020
A wide range of customer behaviors could read suspiciously. How do you know for sure? Though this is not a complete list, we explain...
How To Start A Cryptocurrency Business: Critical First Steps
April 6, 2020
How do I start a cryptocurrency or bitcoin business? Crafting a business plan is usually step #1, but in a fraught and ambiguous regulatory...
Expanding To Another Country? Here Are The Risks
March 30, 2020
Yes, expanding the geographic scope of your cryptocurrency money service business brings new risks. Here’s what you need to know. Let’s say things are...
Regulators Are Telling The Cryptocurrency Industry To Prioritize Consumer Protection. Here’s How.
March 2, 2020
Legislation being considered in California and New Jersey, as well as other regulatory signals around the U.S., are a reminder that businesses in the...