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Advocating for universal compliance standards in the cash-to-cryptocurrency industry.

$80 million lost to cryptocurrency fraud in last 6 months

10,000+ locations allow anonymous transactions

250 cash-to-crypto money services businesses

Current state of cryptocurrency compliance in the U.S

01

Trafficking, Theft, & Child Exploitation

An analysis of over 10,000 transaction records associated with human trafficking, credit card theft, and child exploitation shows that under 1% of the transactions would have ID information at a company with tiered KYC requirements.

02

Poor KYC & CIP Requirements

Lack of Know Your Customer (KYC) and Customer Identification Program (CIP) requirements hinders cryptocurrency providers from detecting terrorist financing, credit card theft, human trafficking, child exploitation, and money laundering.

03

High-Risk Exposure of Banks

Banks expose themselves to high-risk fraud and Anti-Money Laundering (AML) violations by offering depository accounts to cryptocurrency companies with minimal compliance standards.

04

Negligent Cryptocurrency Companies

Wallets known to be associated with fraudulent schemes and high-risk activity show continuous funding from BTM companies suggesting a lack of AML and fraud prevention controls.

Cryptocurrency Compliance Cooperative Members

Become a Member

Learn more about what it means to be part of the Cryptocurrency Compliance Cooperative