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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 your…
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 and…
Do bitcoin and cryptocurrency businesses need to keep monetary instrument logs? Yes, as a money services business, money transmitter, this log should be part of…
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 you…
As you manage your cryptocurrency business, you will encounter suspicious or unusual transactions. What do you do? This is a common situation that cryptocurrency financial…
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 we…
What is Enhanced Due Diligence in the context of bitcoin and cryptocurrency? Certain customers may trigger enhanced due diligence review based on certain behaviors that…
Once you’ve performed a risk assessment and created a BSA/AML Program and related policies, you’ve laid a foundation of strong compliance for your cryptocurrency money…
Investing in cryptocurrency is uniquely risky. Its value fluctuates unpredictably, your transactions aren’t insured, and they’re practically irreversible. Just like it’s important for people like…