Post-Super Bowl Bitcoin ATM Red Flags
The Cryptocurrency Compliance Cooperative has developed a guide for Bitcoin ATM operators to detect and report potential human trafficking.
With the Super Bowl wrapped up, Bitcoin ATM operators need to ensure that their kiosks are not being used to facilitate sex trafficking and related money laundering. Historically, there has been a significant increase in arrests involving sex trafficking during Super Bowl week near the event. To assist with efficient detection and reporting of human trafficking, the Crypto3C has developed a guide for Bitcoin ATM operators to reference customer red flags.
Human Trafficking Red Flags:
Guidance for filing a Suspicious Activity Report related to human trafficking can be found on the FinCEN website.
Although major sporting events like the Super Bowl attract nefarious actors, human trafficking is by no means isolated to just these timeframes. The Cryptocurrency Compliance Cooperative is committed to preventing human trafficking. We encourage all Bitcoin ATM operators to create detection methods for year-round coverage. For additional information to develop an anti-human trafficking program within your organization, Crypto3C member Anti-Human Trafficking Intelligence Initiative has created an Extensive Red Flag Guide.
For more information and resources regarding typologies or if you would like learn more about the Crypto3C please contact us.