Category: Compliance Tip
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,...
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...
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....
Coinnections introduces bitcoin AML software
December 10, 2015
Earlier this month, Coinnections announced the launch of a beta of its AML and KYC compliance software for Bitcoin MSBs, including cryptocurrency exchanges, Bitcoin...
Regulators Are Warming Up to Digital Currency
November 19, 2015
Recently, BitAML Founder & CEO, Joe Ciccolo, sat down with Cointelegraph to discuss bitcoin regulation, the future of cryptocurrencies, and even legacy banking. “In...
DOJ expert to evaluate compliance programs
November 6, 2015
This week, the U.S. Department of Justice (DOJ) announced the hiring of Hui Chen as a “full-time compliance expert”. In this role, Ms. Chen...
FinCEN releases October “SAR Stats Technical Bulletin”
October 15, 2015
This, the second edition of SAR Stats, is FinCEN’s annual review of aggregated Suspicious Activity Report (SAR) filings. The 44-page PDF report contained statistical...
Coming soon: consistency among state licensing?
October 8, 2015
This weekend, the Uniform Law Commission (ULC), a nonprofit dedicated to creating consistency among U.S. state laws, will convene in Washington D.C. to discuss...
