Currency Exchange Compliance Services
We Help Currency Exchanges Mitigate Regulatory Risks
Currency exchanges face strict regulations and high-risk oversight. We support licensing, AML program development, and compliance management for both fiat and crypto exchange models, helping you stay aligned with regulatory expectations.
As seen on:
As seen on:
As seen on:
Challenges
Compliance Challenges for Currency Exchanges
Compliance Challenges for Currency Exchanges
Regulators closely monitor currency exchanges for AML compliance and licensing across multiple states. To mitigate risks, firms must actively track changing laws, monitor transactions on a daily basis, and respond to regulatory expectations.
Regulators closely monitor currency exchanges for AML compliance and licensing across multiple states. To mitigate risks, firms must actively track changing laws, monitor transactions on a daily basis, and respond to regulatory expectations.
Oversight From Multiple Regulators
Currency exchanges must deal with several regulators, each with its own focus. FinCEN looks at your AML program, the IRS checks your BSA records, and state agencies review licensing, reporting, and business conduct.
Oversight From Multiple Regulators
Currency exchanges must deal with several regulators, each with its own focus. FinCEN looks at your AML program, the IRS checks your BSA records, and state agencies review licensing, reporting, and business conduct.
Oversight From Multiple Regulators
Currency exchanges must deal with several regulators, each with its own focus. FinCEN looks at your AML program, the IRS checks your BSA records, and state agencies review licensing, reporting, and business conduct.
Detecting Suspicious Patterns Isn’t Easy
Structuring, smurfing, and other tactics are designed to avoid detection. You need systems that can spot unusual behavior even when amounts stay below thresholds.
Detecting Suspicious Patterns Isn’t Easy
Structuring, smurfing, and other tactics are designed to avoid detection. You need systems that can spot unusual behavior even when amounts stay below thresholds.
Detecting Suspicious Patterns Isn’t Easy
Structuring, smurfing, and other tactics are designed to avoid detection. You need systems that can spot unusual behavior even when amounts stay below thresholds.
Different Rules for Different Models
Retail kiosks, online exchanges, and hybrid models all face unique requirements. When rules vary by state and business type, gaps can quickly appear.
Different Rules for Different Models
Retail kiosks, online exchanges, and hybrid models all face unique requirements. When rules vary by state and business type, gaps can quickly appear.
Different Rules for Different Models
Retail kiosks, online exchanges, and hybrid models all face unique requirements. When rules vary by state and business type, gaps can quickly appear.
Regulators
Who Regulates Currency Exchanges?
Several agencies monitor currency exchanges in the US, each with its own rules and focus. If you’re exchanging fiat or crypto, expect attention at both the federal and state levels.
Frameworks
Core Frameworks for Currency Exchange Businesses
Core Frameworks for Currency Exchange Businesses
Currency exchanges are subject to laws that focus on anti-money laundering, consumer protection, and financial transparency. Whether you handle fiat or crypto, these are the frameworks that shape your compliance program.
Currency exchanges are subject to laws that focus on anti-money laundering, consumer protection, and financial transparency. Whether you handle fiat or crypto, these are the frameworks that shape your compliance program.
How We Help
Let Us Manage Compliance While You Focus on Growth
01
Registering Your Currency Exchange
We handle your FinCEN registration, prepare state license applications, and manage follow-up with regulators.
01
Registering Your Currency Exchange
We handle your FinCEN registration, prepare state license applications, and manage follow-up with regulators.
02
Program Design and Risk Controls
We develop and document your AML framework, onboard vendors, and train staff to follow procedures.
02
Program Design and Risk Controls
We develop and document your AML framework, onboard vendors, and train staff to follow procedures.
03
Day-to-Day Compliance Oversight
We take care of reporting, supervision, and ongoing reviews to mitigate regulatory risks.
03
Day-to-Day Compliance Oversight
We take care of reporting, supervision, and ongoing reviews to mitigate regulatory risks.
04
Filling Compliance Roles for Your Exchange
We serve as your designated compliance officers, stepping into roles like CCO and AMLCO without requiring you to scale a full compliance team.
04
Filling Compliance Roles for Your Exchange
We serve as your designated compliance officers, stepping into roles like CCO and AMLCO without requiring you to scale a full compliance team.
Why InnReg
Built for Fintech Currency Exchange Models
We’ve worked with fintechs pushing the boundaries of traditional exchange services, from combining fiat and crypto to launching multi-state platforms. Our team understands how to balance regulatory expectations with fast-moving operations. We plug into your systems, manage the details, and provide a compliance team of experts in the space.
Decades of Experience
Our team brings together multiple decades of cumulative experience in regulatory compliance and fintech.
Decades of Experience
Our team brings together multiple decades of cumulative experience in regulatory compliance and fintech.
Full-Service Solutions
InnReg can cover your entire compliance journey, from strategic planning to daily operations.
Full-Service Solutions
InnReg can cover your entire compliance journey, from strategic planning to daily operations.
Seamless Integration
InnReg's team integrates into your organization to complement your existing resources and structures.
Seamless Integration
InnReg's team integrates into your organization to complement your existing resources and structures.
Expertise on Your Niche
Work directly with our regulatory specialists, each selected for their unique expertise in your specific niche.
Expertise on Your Niche
Work directly with our regulatory specialists, each selected for their unique expertise in your specific niche.
Worldwide Expertise
With a diverse team around the globe, InnReg supports international firms in navigating multi-jurisdictional landscapes.
Worldwide Expertise
With a diverse team around the globe, InnReg supports international firms in navigating multi-jurisdictional landscapes.
Cost-Effective Services
Compliance outsourcing for financial services firms can provide significant cost savings while promoting innovation.
Cost-Effective Services
Compliance outsourcing for financial services firms can provide significant cost savings while promoting innovation.
Resources
Latest Content
Articles
Downloads
Jun 25, 2025
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16 min read
Apr 22, 2025
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16 min read
Feb 25, 2025
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10 min read
Articles
Downloads
Jun 25, 2025
·
16 min read
Apr 22, 2025
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16 min read
Feb 25, 2025
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10 min read
FAQ
Frequently Asked Questions About Currency Exchanges
Frequently Asked Questions About Currency Exchanges
Do I need to register with FinCEN as a currency exchange?
Do I need to register with FinCEN as a currency exchange?
What's the difference between a money transmitter and a currency exchanger?
What's the difference between a money transmitter and a currency exchanger?
Who oversees compliance for currency exchanges?
Who oversees compliance for currency exchanges?
Do currency exchanges need to verify the identity of all customers?
Do currency exchanges need to verify the identity of all customers?
Can I offer both fiat and crypto exchange services?
Can I offer both fiat and crypto exchange services?
Do I need a compliance officer if my currency exchange business is small?
Do I need a compliance officer if my currency exchange business is small?
Can currency exchanges serve customers outside the US?
Can currency exchanges serve customers outside the US?
What is the $10,000 cash reporting rule?
What is the $10,000 cash reporting rule?
What are the penalties for non-compliance?
What are the penalties for non-compliance?
What is FinCEN’s role in currency exchange compliance?
What is FinCEN’s role in currency exchange compliance?
Schedule a Free Consultation
Schedule a Free Consultation
Who We Serve
Compliance Services
Compliance Consulting
Compliance Operations
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Resources
About InnReg
The content provided on this website is for informational purposes only and does not constitute legal, investment, tax, or other professional advice. InnReg LLC is not a law firm, tax advisor, or regulated financial institution. Viewing this site or contacting InnReg does not create a client relationship. Results described in case studies or testimonials may not be typical and do not guarantee future outcomes. Tools, spreadsheets, or guides available on this site are provided for illustrative purposes only and should not be relied upon without professional guidance. Any links to third-party websites are provided for convenience and do not constitute endorsement or responsibility for their content. The information on this site may not be applicable in all jurisdictions. While we strive to provide accurate content, we make no representations as to its completeness or timeliness. Some visual assets on this site are sourced from Freepik.
Who We Serve
Compliance Services
Compliance Consulting
Compliance Operations
Licensing Services
Resources
About InnReg
The content provided on this website is for informational purposes only and does not constitute legal, investment, tax, or other professional advice. InnReg LLC is not a law firm, tax advisor, or regulated financial institution. Viewing this site or contacting InnReg does not create a client relationship. Results described in case studies or testimonials may not be typical and do not guarantee future outcomes. Tools, spreadsheets, or guides available on this site are provided for illustrative purposes only and should not be relied upon without professional guidance. Any links to third-party websites are provided for convenience and do not constitute endorsement or responsibility for their content. The information on this site may not be applicable in all jurisdictions. While we strive to provide accurate content, we make no representations as to its completeness or timeliness. Some visual assets on this site are sourced from Freepik.
Who We Serve
Compliance Services
Compliance Consulting
Compliance Operations
Licensing Services
Resources
About InnReg
The content provided on this website is for informational purposes only and does not constitute legal, investment, tax, or other professional advice. InnReg LLC is not a law firm, tax advisor, or regulated financial institution. Viewing this site or contacting InnReg does not create a client relationship. Results described in case studies or testimonials may not be typical and do not guarantee future outcomes. Tools, spreadsheets, or guides available on this site are provided for illustrative purposes only and should not be relied upon without professional guidance. Any links to third-party websites are provided for convenience and do not constitute endorsement or responsibility for their content. The information on this site may not be applicable in all jurisdictions. While we strive to provide accurate content, we make no representations as to its completeness or timeliness. Some visual assets on this site are sourced from Freepik.