CryptoCompli offers a full-range of cost-effective compliance services, such as:
- Drafting Risk Assessments:
A well-developed BSA/AML risk assessment helps financial services businesses better identify money laundering and terrorist financing risks while also helping the business to develop internal controls such as policies, procedures, and processes to mitigate those risks. This is a critical first step for cryptocurrency businesses in designing sound AML compliance programs.
- Acting as Interim Compliance Officer:
A proactive and diligent compliance officer is essential to keeping your cryptocurrency businesses up to speed with ever-changing laws and regulations, dealing with authorities, identifying weaknesses in your AML program and responding in an appropriate manner.
- Conducting Independent Reviews:
FinCEN notes that "[t]he primary purpose of an independent review is to monitor the adequacy of a money services business’ anti-money laundering program. The review should determine whether the business is operating in compliance with the requirements of the Bank Secrecy Act and the business’ own policies and procedures . . . The scope and frequency of the review must be commensurate with the risk of the financial services provided by the money services business." As veterans of the financial services industry, CryptoCompli professionals can get these tasks done for your cryptocurrency business.
- Filling-in as Analyst
If your cryptocurrency business needs an analyst but doesn’t want to commit to bringing on a full-time permanent employee just yet, CryptoCompli can step-in and perform functions such as transaction monitoring, SAR and CTR writing, OFAC screening, and related services. Our professionals are seasoned analysts within the cryptocurrency space who can perform, among other services, look back and backlog surge support services.
- Legal Research and Legal Writing Services for Law Firms*
Attorneys and law firms operating in the cryptocurrency and/or AML & sanctions compliance spaces may need support from time-to-time. CryptoCompli can provide such practices with law firm experienced cost-effective legal research and legal writing services. Legal research and legal writing can be time-consuming endeavors, and outsourcing these tasks to experienced CryptoCompli professionals can free practitioners to concentrate on more lucrative tasks like business development, marketing, or oral advocacy. Notably, Brendan Cochrane, Principal and Founder at CryptoCompli, stood out at his top-30 law school for legal writing and attention-to-detail. Brendan actually won a writing and cite-checking competition and thereby earned membership to the Wisconsin Law Review. He has continued to develop these skills in subsequent law firm and legal aid experiences.
*Legal research and legal writing services may be construed as the practice of law. CryptoCompli will perform these services only if the firm retaining CryptoCompli can extend malpractice insurance coverage to CryptoCompli.