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Apr 24th, 2022

OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules

From The Office of the Comptroller of the Currency (OCC), a federal banking regulator, and Anchorage Digital, a trust company operating with an OCC…

Mar 29th, 2022

Common Types of AML Breaches 

For money-service businesses throughout the country, maintaining AML compliance is a critical part of business operations and meeting federal regulations. At Bates Group, we know…

Jan 29th, 2022

The Five Most Important Elements of an Effective Compliance Program 

Financial businesses are required to adhere to the Bank Secrecy Act and anti-money laundering compliance standards. At Bates Group, our anti-money laundering (AML) compliance specialists…

Sep 4th, 2021

Tips and Tricks for Policy and Procedure Development

If your business operations as a money transmitter or another money services business require BSA/AML (Bank Secrecy Act/anti-money laundering) compliance, part of this is having…

Aug 31st, 2021

Alpaca Raises $50 Million Series B & Announces Crypto Offering

San Mateo, CA – August 30, 2021 – Alpaca, a commission-free stock brokerage platform that offers APIs for fintech apps to connect and trade in…

Aug 31st, 2021

Illinois amends unclaimed property law to include cryptocurrency

Effective August 6, 2021, Illinois amended its unclaimed property law to include cryptocurrency. SB 338, Public Act 102-0288, was approved by the Governor and became…

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