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...
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...
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...
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