In this episode we speak with Joe Ciccolo, Founder and President of BitAML, a regulatory compliance consulting firm. Ciccolo has an extensive background in compliance and anti-money laundering, touching on topics such as possible SEC regulations, the importance of record keeping and the risks of being non-compliant.

Major topics

• Compliance → advice, help and counsel those coming into space
• Risks to being non-compliant
• SEC vs FinCEN and their practices
• Pros and cons of being an MSB through FinCEN
• AML and KYC
• Predictions: ICO space is going to get worse before it gets better
  • ICO enforcement actions and subpoenas
  • cryptos: ATMs popping up

Biography

• Founder and president of BitAML; a regulatory compliance consulting firm
• Worked in traditional bank compliance for a decade (anti-money laundering)