Legal & Regulatory
Framework
Our work is guided by international AML standards including:
Financial Action Task Force (FATF) Recommendations
The FATF sets global standards for combating money laundering and terrorist financing. Key requirements for cryptocurrency businesses include the “travel rule” for virtual asset service providers.
IMF Guidelines
The International Monetary Fund provides policy guidance to member countries on AML/CFT frameworks, particularly regarding emerging financial technologies.
Basel Committee Standards
Banking supervision standards that increasingly address cryptocurrency risks and controls.
National Regulations
We work within the legal frameworks of participating jurisdictions, including:
- Registration and licensing requirements
- Transaction reporting thresholds
- Customer identification rules
- Cross-border transaction controls
- Sanctions and embargo compliance
Key Legislation
Bank Secrecy Act (BSA) – United States
Requires financial institutions to assist government agencies in detecting money laundering.
5th Anti-Money Laundering Directive (5AMLD) – European Union
Extends AML requirements to cryptocurrency exchanges and wallet providers.
Proceeds of Crime Act – United Kingdom
Addresses money laundering and requires reporting of suspicious activities.
Investigation Powers
Our department operates under legal authority to:
- Request transaction records from service providers
- Freeze assets pending investigation
- Coordinate with law enforcement agencies
- Issue subpoenas for evidence
- Participate in international investigations
All investigations comply with applicable data protection laws including GDPR and similar frameworks. Personal data is:
