AML Compliance for Crypto Businesses That Can't Afford to Get It Wrong

Ongoing Monthly Support — Dedicated AML compliance management on retainer. We act as your outsourced Chief Compliance Officer.

Transaction Monitoring — Weekly review of transactions for suspicious activity. CTR and SAR filing handled on your behalf, on time.

Policy Documentation — Written AML programs and BSA policies tailored to your specific business, not copy-pasted templates.

AML Training — Biannual training specific to your niche with certification. Ad hoc training also available.

Audits & Consultations — Independent AML audits and one-time consultations for targeted compliance questions.

Licensing & Banking — MTL acquisition assistance and banking referrals through established industry contacts.

Does my Bitcoin ATM business actually need an AML program? Yes — without exception. Bitcoin ATM operators are classified as MSBs under the Bank Secrecy Act. You are required by federal law to register with FinCEN, maintain a written AML program, verify customer identities, file CTRs for cash transactions over $10,000, and file SARs for suspicious activity.

What happens if I get audited without a compliant AML program? Civil penalties can reach $5,000 per violation per day for willful non-compliance. Beyond fines, your banking partners may terminate your accounts immediately if an audit reveals deficiencies.

What is a SAR and when do I have to file one? A Suspicious Activity Report must be filed when a transaction appears to involve money laundering or fraud. The threshold for MSBs is generally $2,000. You have 30 days to file from the date you identify the activity.

What is a CTR and when does it need to be filed? A Currency Transaction Report must be filed for any cash transaction exceeding $10,000 in a single business day. Must be filed within 15 days of the transaction.

Can you help me get a bank account for my crypto business? We can help — though we can't make promises since banking decisions rest with the institution. We maintain contacts who work with compliant crypto MSBs and can make referrals.

How much does ongoing compliance support cost? Pricing varies based on transaction volume and scope of services. We offer a free initial consultation before quoting. No obligation, no sales pitch.

We offer a free initial consultation to learn about your business and whether we're a good fit. No pressure, no commitment — just a straightforward conversation about your compliance needs.

Email: watsoncompliance@gmail.com Phone: 888.328.5279 Location: United States — Remote Services Only