FinCEN in the US
FinCEN regulates crypto under the Bank Secrecy Act. Scorechain helps virtual currency service providers meet US AML requirements with ease.
FinCEN regulates crypto under the Bank Secrecy Act. Scorechain helps virtual currency service providers meet US AML requirements with ease.
The Financial Crimes and Enforcement Network (or FinCEN) is part of the United States Department of the Treasury and analyzes financial transactions to prevent financial crimes such as money laundering or terrorism financing.
FinCEN also overviews virtual currencies. In 2013, FINCEN released a paper stating that virtual currency service providers are subject to the Bank Secrecy Act. They must thus register as a Money Service Business (MSB) with the organization.
FinCEN's website.https://www.fincen.gov
From wallet screening and KYT monitoring to deep-dive investigations, Scorechain gives you everything you need to stay compliant, secure, and audit-ready.
