cryptocompliance Tag

Does your cryptocurrency business have a board of directors? It should. For financial institutions and money services businesses (including crypto MSBs), the board of directors provides essential oversight to ensure a business operates safely and in compliance with all relevant laws and regulations. No matter what type...

If you know someone over the age of 60, then they are unfortunately at risk for something called elder financial exploitation (EFE). EFE is a major societal problem, and unfortunately, a growing trend in the crypto space that has implications for AML compliance and reporting...

A record number of crypto hedge funds launched in 2018, which means they’re getting more attention every day. While cryptocurrency hedge funds aren’t mentioned in the Bank Secrecy Act (BSA), experts recommend that all hedge funds develop comprehensive BSA compliance programs to reduce risk and...

Cryptocurrency compliance can be challenging, so today, we’re focusing on what crypto exchanges need to do to be compliant with relevant regulations as part of a new mini-series explaining compliance basics for aspiring or new entrepreneurs in the space. Is your crypto exchange BSA/AML compliant? Let’s dig...

Do bitcoin companies need to file Currency Transaction Reports? In a previous post, we talked about the importance of a strong surveillance and monitoring procedure designed to catch suspicious activity and protect cryptocurrency money services businesses (MSBs) and money transmitters from financial crime, like money laundering. As...

As you manage your cryptocurrency business, you will encounter unusual transactions, potentially every day. What do you do? This is a common situation that cryptocurrency financial institutions face every day, and the solution to keep your business in the good graces of regulators is to file...

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