BitAML Blog
Bitcoin ATM Beginner’s Guide
April 26, 2016
The following is an excerpt from an article published in 99Bitcoins in which BitAML founder, Joe Ciccolo, provides a beginner’s guide to operating a compliant...
Bitcoin and Banking Relationships: BTCManager Exerpt
April 4, 2016
The following is an excerpt from an article published on BTCManager in which BitAML founder, Joe Ciccolo, discusses bitcoin and banking relationships: Joe Ciccolo,...
Happy 3rd Anniversary: FinCEN guidance
March 25, 2016
Three years ago this past Friday (03/18), FinCEN released its regulatory guidance on digital currencies. Those involved in creating, distributing, exchanging, and transmitting digital...
Busted: unregistered bitcoin MSB
March 25, 2016
Last week, it was reported that a New York man was charged with operating an unlawful money transmitting business for illegally selling bitcoin. According...
Western Union caught in money laundering probe
February 24, 2016
Late last week, the Colorado-based MSB said authorities were investigating whether the firm knew about gaming transactions involving other nations, and if sufficient AML...
Aussies: banks didn’t conspire to derisk bitcoin
February 24, 2016
The Australian Competition and Consumer Commission (ACCC) determined that there was no evidence banks colluded prior to closing accounts held by bitcoin companies. Ultimately,...
Rethinking “structuring”
February 24, 2016
The tactic of breaking up financial transactions in an effort to evade certain reporting requirements, including the $10,000 CTR threshold, is back under the...
FinCEN targets cash real estate deals. Takeaways for bitcoin MSBs?
January 22, 2016
Recently, FinCEN issued a Geographic Targeting Order (GTO) requiring certain title agencies in New York and Miami to identify cash buyers of real estate....
BitLicense just an appetizer.
January 22, 2016
What a way for the New York Department of Financial Services (NYDFS) to end the year. Since Ben Lawsky’s departure in May 2015, the...
