Category: Compliance 101
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...
How To Know If A Customer Is A Politically Exposed Person (PEP)
October 7, 2019
It’s an exciting time to be involved in a cryptocurrency business because the industry is so new and growing so quickly. It’s a lucrative...
Cryptocompliance 101: How To File Suspicious Activity Report (SAR) For Crypto Business
September 30, 2019
When a suspicious transaction takes place, the right people need to know. A Suspicious Activity Report (SAR) is the tool financial institutions use to...
Cryptocompliance 101: How Your Business Should Incorporate The Funds Travel Rule
September 10, 2019
Are you confused about the Funds Travel Rule and how it applies to crypto? If so, you’re hardly alone. Even blockchain and cryptocurrency experts...
Cryptocompliance 101: Does Your MSB Need A Board Of Directors?
August 19, 2019
Does your cryptocurrency business have a board of directors? It should. For financial institutions and money services businesses (including crypto MSBs), the board of...
Cryptocompliance 101: How To Assess HIFCA And HIDTA Risk For MSBs
August 12, 2019
If you’re newer to crypto, you might hear the acronyms HIFCA and HIDTA tossed about in relation to risk analysis. If so, you’ve probably...