Category: Compliance 101
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...
Cryptocompliance 101: 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
UPDATE: Funds Travel Rule compliance remains a contentious and unsettled issue within the cryptocurrency space. While a solution is not yet present as of...
Do all crypto business models require a board of directors?
August 19, 2019
A board of directors sounds like something you’d find at a major corporation, not a small-time bitcoin ATM operator. But according to regulators, the...
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...
Records Retention For Cryptocurrency MSBs: Here Are The Documents You Need To Keep
July 8, 2019
Records retention – it may not be the most exciting topic, but it’s definitely one of the most important for cryptocurrency businesses. Why? Because...
What cryptos need to know about the BSA’s ‘Fifth Pillar’
June 25, 2019
The BSA’s so-called ‘fifth pillar’ has created a lot of confusion over how it applies to crypto, if at all. This post explains what...
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...
