Performed AML and sanctions program review for a cryptocurrency exchange

Performed AML and sanctions program review for a cryptocurrency exchange

Stout’s Regulatory Compliance and Financial Crimes Advisory team successfully completed an independent anti-money laundering (AML) and Office of Foreign Assets Controls (OFAC) sanctions audit engagement for the U.S. operations of a global cryptocurrency exchange.

Stout’s review of the AML program led to several recommended enhancements to the AML program, policies, and procedures, customer due diligence (CDD) and enhanced due diligence (EDD) processes, transaction monitoring, know your transaction (KYT), alert review and case management, and training.