Tag: compliance
BitAML Introduces ComplyFit, An Innovative Money Transmitter License Management And Compliance Solution For The Cryptocurrency Industry
April 15, 2019
On-demand workplace platform also streamlines numerous day-to-day institutional compliance tasks including reporting, record-keeping, and transaction monitoring. Financial institutions (FIs) in the cryptocurrency industry...
Cryptocompliance 101: The Importance Of Annual Audits And Independent Testing
April 8, 2019
Your AML compliance program is only as good as a third party says it is. Thus, annual AML audits (or independent AML reviews as...
Cryptocompliance 101: Responding To Grand Jury Subpoenas For Crypto Businesses
April 1, 2019
It’s becoming increasingly more common for financial institutions, including businesses in the crypto space, to receive grand jury subpoenas. Thus, it’s very possible that...
Cryptocompliance 101: How To Respond To National Security Letters
March 25, 2019
Every year, federal agencies (primarily the FBI) issue thousands of National Security Letters (NSLs) to gather information they believe will help national security-related investigations...
UPDATED: Cryptocompliance 101: Monetary Instrument Log Explained For Crypto AML
March 18, 2019
Do bitcoin and cryptocurrency businesses need to keep monetary instrument logs? Yes, as a money services business, money transmitter, this log should be part...
Cryptocompliance101: Everything Cryptos Need To Know About Currency Transaction Reports
March 11, 2019
Do cryptocurrency businesses ever need to file Currency Transaction Reports? Every AML program should include a policy and procedure for CTR filing. Here’s what...
Cryptocompliance 101: Do Crypto MSBs Need To File SARs?
March 4, 2019
As you manage your cryptocurrency business, you will encounter suspicious or unusual transactions. What do you do? This is a common situation that cryptocurrency...
Cryptocompliance 101: AML Training And Why Cryptocurrency Compliance Depends On It Explained
February 25, 2019
Whether you’re launching an exchange or are starting small with a cryptocurrency ATM or two, your cryptocurrency business needs a BSA Compliance Officer. As...
Cryptocompliance 101: Enhanced Due Diligence For Cryptocurrency Business Explained
February 18, 2019
What is Enhanced Due Diligence in the context of bitcoin and cryptocurrency? Certain customers may trigger enhanced due diligence review based on certain behaviors...
