Cryptocurrency Compliance in New York

Home > Cryptocurrency Compliance in New York

Cryptocurrency Compliance in New York

Everywhere you turn lately, you can hear people talking about cryptocurrency. These transactions have risen globally, causing regulators to implement rules and guidelines to regulate this innovative type of currency. Any money services businesses (MSBs) that conduct any transactions involving crypto face the challenge of compliance with these ever-changing and complex requirements.

If your company deals with crypto, ensuring compliance with all relevant regulations is essential. It is imperative that your company takes every step possible to assess and manage your risk and comply with all anti-money laundering (AML) regulations.

It is difficult to keep up with changes in the regulatory landscape when it comes to cryptocurrency, however, you have tools you can use. At Bates Group LLC, our professional AML consultants are experts in cryptocurrency compliance in New York so that you do not have to be. We provide guidance and assistance to many types of MSBs that are delving into the crypto industry, and we can help your company. Contact us today to learn more. 

Working With a Wide Range of Companies

Many businesses are getting involved with crypto in different capacities, and our consultants are working with many types of clients regarding compliance. Some examples of companies we assist include:

  • Cryptocurrency traders
  • Crypto trading platforms
  • Crypto-brokers
  • Crypto-cannabis companies
  • Crypto exchanges

We know that the parties in the crypto industry are constantly changing, and we are ready to find new and innovative ways to approach risk management and AML compliance for a wide range of clients.

How We Can Help

Compliance with all anti-money laundering regulations is critical to remain in business, and our compliance experts can assist your business with every step of this process. Some ways we can help include:

  • Development of an AML compliance program – We assess the AML risks of your specific operations and develop a program to ensure compliance with changing AML regulations. We stay on top of all state and federal crypto rules so you can have the most up-to-date and effective AML program possible. 
  • Training programs – Once you have an AML compliance program, you need to make sure every role in your organization knows how to implement the program. We conduct regular training on different responsibilities within the compliance program, best practices, and how to identify risk when it comes to crypto transactions. 
  • Independent audits – Once you think your compliance program is successfully in full swing, our experts will conduct audits to identify potential risk factors for noncompliance. When we identify gaps in your program or possible risks, we can help you adapt and update your compliance policies to prevent any issues with regulators in New York. 

Our compliance experts have Certified Anti-Money Laundering Specialist (CAMS) and CAMS-Audit certifications, which makes us highly qualified to develop and oversee effective AML compliance programs for crypto businesses in New York. 

Learn More About Cryptocurrency Compliance in New York

If your company deals with crypto transactions, let Bates Group LLC, help you with cryptocurrency compliance in New York. To learn more about how our specialists can help you, contact us today. 

AML & Compliance Services
Development and enhancement of risk-based Compliance Programs
AML & Consumer
Protection Reviews
Consumer Protection Reviews
State Licensing
Money Transmitter License Acquisition and Maintenance
Other Services
Additional Customized Support

contact us

Please fill out all fields marked with* and submit the following form to
request your consultation.

Contact Us Today

Please fill out all fields marked with * and submit the following form to request your consultation.

  • This field is for validation purposes and should be left unchanged.