Bates News  |  08-15-22

Bates Managing Director Brandi Reynolds Quoted on the Pending Regulatory Framework for Crypto and Virtual Assets

Bates Managing Director Brandi Reynolds Quoted on the Pending Regulatory Framework for Crypto and Virtual Assets
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Bates Managing Director Brandi Reynolds (CAMS-Audit) is quoted in a new ACAMS Insights article discussing efforts to develop a federal regulatory framework for crypto and virtual assets. The article, published August 12, 2022, looks at proposed legislation in the U.S. Senate and House aimed at "preventing the use of cryptocurrency in illicit finance" and "developing 'principles-based guidance' on how anti-money laundering, sanctions and cybersecurity rules apply to cryptocurrency," among other goals.

Read the Full Article at ACAMS Insights: "Is Crypto a Security, Commodity or Means of Payment? All Three, Say Lawmakers"

About Bates

Bates Group’s MSB, FinTech and Cryptocurrency practice offers guidance and services for fintech and cryptocurrency firms. Our subject matter experts work directly with firms and counsel to design and implement policies to ensure they are AML-compliant. Our MSB and AML Teams also implement, manage, and maintain Money Transmitter Licensing processes and engage clients with BSA/AML/OFAC Program Development, Risk Management, Training, Advisory Services, and Independent Reviews.

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