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Home Crypto Glossary FinCEN Registration

What is FinCEN Registration in Crypto?

FinCEN registration is the process by which US crypto businesses register as Money Services Businesses with the federal financial intelligence unit. Registered gateways must maintain AML programs, file Currency Transaction Reports for large transactions, submit SARs for suspicious activity, and comply with the Bank Secrecy Act.
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Other Terms from the Crypto Industry

AML Program TRP Protocol OFAC Compliance SAR Filing VASP MSB Registration

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