BitAML Blog

Banks are highly exposed to crypto, and FinCEN has noticed

October 9, 2020
FinCEN Director Kenneth A. Blanco pointedly warns traditional banks to understand their exposure to crypto in keynote remarks. Anyone who runs a cryptocurrency financial...

3 SAR filing tips based on emerging best practices

October 5, 2020
Guidance on suspicious and/or unusual activity reporting for cryptos is always evolving. Here are 3 tips based on the latest compliance best practices for...

Crypto investment scams: what businesses need to know for consumer protection

September 28, 2020
First-time or existing customers may be vulnerable to fraudulent investment schemes that promise high returns that never materialize. Here are some red flags businesses...

California’s Crypto Regulatory Framework Is Back In Play

September 21, 2020
A rider bill that recently passed in the California legislature suggests a stalled regulatory overhaul with big implications for cryptocurrency is once again in...

Prize scams: What crypto businesses can do to prepare

September 14, 2020
First-time customers attempting to purchase cryptocurrency because they “won the lottery” or some other prize could be victims of a scam in progress. Here’s...

How check-cashing scams could be affecting your customers

September 7, 2020
If you run a crypto business, be on the lookout for signs of check-cashing scams. This old-fashioned fraud is as prevalent as ever. Even...