FinCEN Director: Examinations of Virtual Currency Company BSA/AML Programs are Starting. Are you Ready?

FinCEN Director: Examinations of Virtual Currency Company BSA/AML Programs are Starting. Are you Ready?

On February 12, a number of anti-money laundering (“AML”) and Bank Secrecy Act (“BSA”) experts participated in an AML regulation panel on virtual currencies at the Foreign Affairs Cryptocurrency Forum at the Council on Foreign Relations.  Among those on the panel, including CoinComply’s Brian Stoeckert, was FinCEN’s Director Jennifer Shasky Calvery.   A number of topics were… more

What We Said: Foreign Affairs Forum on Cryptocurrency Policy

On February 12, 2015, CoinComply’s Brian Stoeckert participated on an anti-money laundering (“AML”) regulation panel at the Council on Foreign Relations, Foreign Affairs Cryptocurrency Forum in New York City. The panel was moderated by Richard Abel, Assistant US Attorney for the Southern District of New York, Jennifer Shasky Calvery, Director of FinCEN, John Beccia, General Counsel, Circle,… more

What We Said: Summary of Brian Stoeckert’s Testimony at the New Jersey General Assembly Digital Currency Hearing

Earlier today, the New Jersey General Assembly held a hearing on digital currency. CoinComply’s resident AML and digital currency expert, Brian Stoeckert, testified on a variety of topics including the following: Background of U.S. AML laws and regulations How the U.S. has interpreted such laws and regulations related to virtual currency The impact of FinCEN’s 2013 interpretative… more

Brian Stoeckert to Testify at New Jersey General Assembly Financial Institutions and Insurance Committee Hearing on Digital Currency

CoinComply’s anti-money laundering (“AML”) and digital currency expert, Brian Stoeckert, will be testifying at the New Jersey General Assembly Financial Institutions and Insurance Committee Hearing on Digital Currency on February 5, 2015.  Based on his extensive experience in assisting financial institutions and non-bank financial institutions comply with AML and sanctions laws and regulations, he will discuss an overview… more

BitLicense 2.0 Released: Enhanced 4 Pillars of AML + VCTR Remain

Today, the New York State Department of Financial Services (“NYDFS”) released the latest version of its BitLicense regulation aka a separate so-called ‘money transmitter license for Virtual Currency Business Activity.’   Another 30-day comment period will be in effect once the proposed regulation is entered into a “later edition of the New York State Register.” As we… more