BitAML Blog
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...
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...