Stratis Trains Egmont Member Financial Intelligence Unit (FIU)

Stratis Trains Egmont Member Financial Intelligence Unit (FIU)

Last week, Stratis managing partner Brian Stoeckert (and CAMS-certified instructor and faculty) jetted off to an international destination to provide anti-money laundering (AML) training to a Financial Intelligence Unit (FIU).  The FIU is a member of the Egmont Group of Financial Intelligence Units. Under Egmont, “countries should establish a financial intelligence unit (FIU) that serves as a… more

Treasury Issues 2015 National Money Laundering Risk Assessment, Highlights Vulnerabilities and Risks of MSBs

On Friday, June 12, 2015 the U.S. Department of Treasury issued National Money Laundering Risk Assessment (NMLRA) and the National Terrorist Financing Risk Assessment (NTFRA).  According to Treasury, the purpose of these assessments is to help the public and private sectors understand the money laundering and terrorist financing methods used in the United States, the risks that these… more

CoinComply and FC Strategy Group Merge to Form Stratis Advisory

CoinComply, a leader in compliance solutions for digital currency and FinTech companies, and FC Strategy Group, a provider of financial crimes advisory services, strategy, intelligence, and expert testimony to financial institutions and their legal counsel, have merged to form Stratis Advisory. The merger will enable both companies to meet growing demand for risk and compliance management solutions… more

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

Innovative Virtual Currencies Come With Regulation and Risks

In the November/December edition of the ABA Bank Compliance magazine, CoinComply’s Brian Stoeckert authored “Innovative Virtual Currencies Come With Regulation And Risks.”  The magazine provides analysis of legislation, regulation and case law on a bimonthly basis to American Bankers Association members.  The article was published in a BSA/AML-centered edition in connection with the annual ABA/ABA Money Laundering… more

What We Taught at New York University’s Law School and Stern School of Business

On Tuesday, CoinComply’s managing director and resident recognized financial crimes and Bitcoin compliance expert, Brian Stoeckert, served as a guest lecturer at New York University’s Law School and Stern School of Business first graduate course for Bitcoin and other cryptocurrencies. The course, “The Law and Business of Bitcoin and Other Cryptocurrencies”is halfway through its inaugural offering to… more