BitAML Blog
BSA/AML Compliance: What Bitcoin ATM Operators Need To Know
April 29, 2019
What are the AML compliance requirements for bitcoin ATM operators? Cryptocurrency businesses, including bitcoin ATM or kiosk operators, must design and implement AML policies...
What are law enforcement requests and how to respond when you get them
April 22, 2019
It’s common for cryptocurrency business owners to be unfamiliar with law enforcement requests. If you’re unsure of how you’d handle a law enforcement request...
[UPDATED] Operating in marijuana-legal states comes with important rules for crypto MSBs
April 16, 2019
Hi there. A lot has changed in this space since this article was published, so we’ve recently published an updated blog post on the...
BitAML Introduces ComplyFit, An Innovative Money Transmitter License Management And Compliance Solution For The Cryptocurrency Industry
April 15, 2019
On-demand workplace platform also streamlines numerous day-to-day institutional compliance tasks including reporting, record-keeping, and transaction monitoring. Financial institutions (FIs) in the cryptocurrency industry...
Cryptocompliance 101: The Importance Of Annual Audits And Independent Testing
April 8, 2019
Your AML compliance program is only as good as a third party says it is. Thus, annual AML audits (or independent AML reviews as...
Cryptocompliance 101: Responding To Grand Jury Subpoenas For Crypto Businesses
April 1, 2019
It’s becoming increasingly more common for financial institutions, including businesses in the crypto space, to receive grand jury subpoenas. Thus, it’s very possible that...
Cryptocompliance 101: How To Respond To National Security Letters
March 25, 2019
Every year, federal agencies (primarily the FBI) issue thousands of National Security Letters (NSLs) to gather information they believe will help national security-related investigations...
UPDATED: Cryptocompliance 101: Monetary Instrument Log Explained For Crypto AML
March 18, 2019
Do bitcoin and cryptocurrency businesses need to keep monetary instrument logs? Yes, as a money services business, money transmitter, this log should be part...
Cryptocompliance101: Everything Cryptos Need To Know About Currency Transaction Reports
March 11, 2019
Do cryptocurrency businesses ever need to file Currency Transaction Reports? Every AML program should include a policy and procedure for CTR filing. Here’s what...