Call us today to schedule a complimentary CryptoConsult to speak with a qualified member of our team who can help determine your unique risk areas and assess where we can provide necessary support to your digital currency program. Whether you are an adviser looking to expand your investment strategy to include digital assets, or you are looking to participate in ICOs or build out a platform for trading cryptocurrency as a broker-dealer, it is wise to consider partnering with an established compliance team who can help you navigate imminent regulation and provide assistance from initial registration to regulatory examination.
In addition to recent statements made by regulators, leaders in the tech and social media industries- Facebook, Google, and Twitter- have taken a stance on cryptocurrency that demonstrates a growing suspicion of the digital currency market in general, resulting from repeated instances of fraud, theft, and misappropriation of investor funds. Therefore, in order to become established as a legitimate player in this space, it is vital to take a proactive and risk-based approach toward compliance with regulatory guidance and oversight from the SEC and FINRA. This approach will gratify potential clients and regulators alike.
Assistance with FINRA registration process
Provide comprehensive support throughout the initial registration process (NMA)
Assist with expansion of current registration (CMA)
Review or development of:
Policies and procedure manuals
Workflow diagrams and organizational charts
Third-party due diligence
Development of vendor questionnaires
Research and vetting
Evaluation (or development and implementation) of cyber and information security policies and procedures
Development or enhancement of disclosures
Development or enhancement of Anti-Money Laundering (AML) policies and procedures:
Establish and implement policies and procedures that can be reasonably expected to detect and cause the reporting of suspicious transactions;
Establish and implement policies, procedures, and internal controls reasonably designed to achieve compliance with the Bank Secrecy Act and implementing regulations;
Perform annual (on a calendar-year basis) independent testing for compliance
Development and / or review of informational documents and contracts for client distribution
Marketing and advertising material review
Completion of applicable regulatory filings (Form BD, Form ADV, Form PF, etc.)
Provision of additional compliance and operational support, as required
What We Do
At Compliance Risk Concepts, we provide clients with the critical skills and expertise required to establish, maintain and enhance a balanced and effective compliance operational risk management program. Contact us for more information on how we can provide financial consulting services for your organization.