by BTM Compliance | Jan 9, 2022 | Compliance
Navigating Bitcoin ATM Compliance Have you been thinking about the possibility of starting a Bitcoin ATM operation? Are you hesitant because you’re unsure where to start or what to do with Bitcoin ATM compliance? If this sounds familiar, rest assured that you are...
by BTM Compliance | Dec 20, 2021 | Compliance
Annual Independent Review / Audit: Your BTM Company’s Crucial Safeguard In 2020 alone, financial regulators levied more than $10 billion dollars’ worth of penalties against companies that violated federal Anti-Money Laundering (AML) policies and Bank Secrecy Act...
by BTM Compliance | Sep 8, 2021 | Compliance
The Internal Revenue Service (IRS) is stepping up enforcement of Money Services Businesses (MSBs) and the penalties for non-compliance are hefty. In a published IRS report, it was found that in fiscal year 2016, there were 1,716 examinations of MSB’s with a total...
by BTM Compliance | Nov 2, 2019 | Compliance
Sasha Hodder is a legal consultant of BTM Compliance and she recently wrote Op-Ed for www.bitcoinmagazine.com We are bringing you the article: On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its...
by BTMcompliance web | Jan 19, 2019 | Compliance
Know Your Customer or KYC is a building block of our financial structure that allows banks and non-bank financial institutions to prevent future illicit activity while also giving regulators their peace of mind. The Bank Secrecy Act, or, BSA is legislation created in...
