Cryptocurrency AML for Bitcoin ATMs
Automated crypto anti-money laundering is easy on General Bytes, Genesis1, Satoshi1 and Finney3 Bitcoin ATMs
Operating Bitcoin ATMs (BATM) can be very lucrative. However, Bitcoin ATM operators must ensure they comply with regional Anti-Money Laundering (AML) laws. CipherTrace makes compliance easy so you can readily risk rate transactions, clear red flags, and file necessary suspicious activity reports.
High-Speed API Automates Compliance Tasks
CipherTrace allow BATM operators to easily and economically comply with AML regulations around the globe. Our web base interface can be rapidly integrated with your existing infrastructure to provide real-time evaluations of cryptocurrency transaction risk.
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CipherTrace Bitcoin ATM Compliance Benefits
Reduce exposure to
legal liability
Comply with Crypto
AML regulations
Automate transaction risk
scoring and reporting
Create Suspicious Activity
Reports (SARs)
Trace and document risky
crypto transactions
Detect transactions with
illegal sources of funds
Prevent stolen crypto-
currency from being traded
through your services
Risks Associated with Inadequate AML Compliance
Lack of compliance not only leads to an increased risk of criminals abusing your Bitcoin ATM to launder their illicit funds, but can also result in civil and criminal penalties for you as the ATM operator.
Read more in our Unlicensed Bitcoin ATM Case Study.