Category: Compliance Tip
6 helpful tips to prepare for your annual third-party review
January 4, 2021
The timeframe for independent testing has shortened. Here’s what you can do to prepare for your next review including 6 helpful tips. As we’ve...
5 more red flags for cryptos based on new trends
December 21, 2020
We’ve written about red flags businesses should add to their transaction monitoring before. Now, we’re offering 5 more based on recent trends. Transaction monitoring...
3 improvements you should make to your AML program this year
December 14, 2020
This year saw numerous changes, both subtle and overt, to cryptocurrency AML compliance. As 2020 draws to a close, here are some improvements you...
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...
Can your employees also be your customers?
July 13, 2020
Bitcoin businesses tend to attract crypto enthusiasts as employees. But does allowing your employees also to be your customers cross an ethical (or legal)...
How To Get More Out Of Annual AML Training
June 22, 2020
An AML training program for employees is critical to the success of BSA/AML compliance for cryptocurrency businesses, but only truly effective if it includes...
Token Risk Analysis: A Best Practice For Bitcoin Compliance
May 18, 2020
Robust risk analysis of the coins offered by money services businesses, including bitcoin ATMs, is an industry best practice that will eventually become a...
8 Important Ways You Can Test Your Compliance
May 11, 2020
You might be good at getting your compliance in tip-top shape ahead of an annual review, but could your business pass a surprise examination...
How To Record Funds Travel Rule Compliance
April 20, 2020
We’ve explained how the Funds Travel Rule applies to cryptocurrency businesses, but what’s the best way to record compliance with the guidance? To this...
