Crypto AML
Compliance Experts

Ready to Strengthen Your Crypto Compliance?

Our team is here to guide you through all the regulatory hoops.

AML Solutions for Every Stage of Your Compliance Journey

✔︎ MSB Registration & Licensing

Navigate the complexities of registering as a Money Services Business (MSB) with FinCEN and ensure compliance with state-specific licensing requirements for crypto businesses.

✔︎ BSA/AML Program Development

Build robust Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) programs tailored to your crypto business, ensuring alignment with FinCEN, SEC, and CFTC regulations.

✔︎ Travel Rule Compliance

Implement solutions for compliance with the Financial Crimes Enforcement Network (FinCEN) Travel Rule, ensuring secure and transparent virtual asset transfers.

✔︎ Sanctions Screening & OFAC Compliance

Deploy advanced tools and processes to screen transactions against OFAC sanctions lists, minimizing exposure to sanctioned entities and avoiding hefty penalties.

✔︎ Enhanced Due Diligence (EDD)

Conduct thorough background checks on high-risk clients, identify potential red flags, and assess regulatory exposure before engagement.

✔︎ Risk Assessments

Craft tailored risk assessments aligned with U.S. regulatory expectations and industry best practices, ensuring your crypto business stays ahead of evolving threats.

Our Team

Sphere State combines global leadership in risk management with deep expertise in the regulatory landscape at both the state and federal level.

Proven Track Record

We’ve successfully guided leading blockchain firms and virtual asset service providers (VASPs) through complex U.S. compliance challenges, including regulatory inquiries and enforcement actions.
Advise on and implement state-of-the-art AML tools and systems specifically designed for the U.S. market, ensuring your business stays compliant and secure.
We understand the mindset of U.S. regulators and prosecutors, helping you build processes that minimize exposure and demonstrate proactive compliance.

Industry Impact

Our team includes former regulators, compliance officers, and AML professionals with firsthand experience navigating FinCEN, SEC, CFTC, and state-level crypto regulations.
Seasoned AML and Anti-Financial Crime professionals, including CFEs and CAMS, with deep crypto expertise.
Active contributors to U.S. crypto regulatory working groups and industry standards development.

Why Choose Us

10+

Over 10 years of expertise in AML compliance, KYC, due diligence, and risk assessment for crypto and fintech firms.

1M+

Large amount of transactions reviewed and analyzed for potential AML risks annually.

100%

Proven track record in guiding clients through risk mitigation and fraud detection.

24/7

Support team of seasoned AML and Anti-Financial Crime professionals

Success Stories

Case Study #1

Crypto Exchange Asset Tracing

Challenge:

A leading cryptocurrency exchange sought to recover misappropriated funds that had been moved through multiple wallets.

Solution:

We conducted advanced blockchain forensic analysis and transaction monitoring to trace the movement of stolen assets across multiple addresses and exchanges. We leveraged real world data from three different countries to identify the culprit behind exchange held accounts.

Result:

The firm successfully identified the flow of funds (worth over USD 742 million today) and advised on service of process via NFT airdrop to the digital wallets involved.

Case Study #2

Sanctions Advisory regarding crypto transactions

Challenge:

A fintech firm handling cross-border crypto transactions received inquiries from regulators about sanctions issues.

Solution:

We deployed blockchain forensic tools to trace the flow of funds, analyzing transactional histories and counterparties, conducted sanctions risk assessment, and provided a comprehensive compliance report proving the firm had no direct or indirect exposure to sanctioned entities.

Result:

The firm successfully demonstrated compliance to regulators, avoiding penalties and reputational damage.

Case Study #3

Crypto Advisory for Bank

Challenge:

A bank experiencing a technical glitch in its trading platform required an urgent review of its internal controls to assess potential compliance gaps, financial risks, and regulatory exposure. The bank needed an expert evaluation to ensure its AML and risk management measures remained intact despite the technical issue.

Solution:

We conducted a comprehensive internal control assessment in the bank's crypto trading system, including transaction monitoring, KYC procedures, and risk mitigation strategies, to ensure no regulatory breaches occurred during the glitch. We also provided tailored recommendations to enhance system resilience, fraud prevention, and internal oversight mechanisms.

Result:

We successfully ensured compliance with AML and risk management standards, minimizing regulatory concerns, and strengthened the bank's internal control framework, reducing the likelihood of future system failures impacting compliance.