Crypto Regulatory Compliance Advisory & Program Management

Legal advisory and compliance program development services for cryptocurrency businesses navigating complex regulatory requirements across US federal, state, and international jurisdictions.

Compliance Program Development

McDermott's FinTech & Blockchain Practice, featuring the largest full-time crypto-exclusive legal team in the industry, provides strategic counsel on regulatory compliance policy development and program design for digital asset platforms. Services include FinCEN/BSA compliance program design for Money Services Businesses, virtual currency compliance policies and procedures, state Money Transmitter License compliance frameworks, and BitLicense compliance program implementation.

AML/KYC Policy Development

The team drafts comprehensive Anti-Money Laundering (AML) policies, Know Your Customer (KYC) procedures, customer due diligence (CDD) frameworks, enhanced due diligence (EDD) protocols, and sanctions screening policies ensuring OFAC compliance for cryptocurrency exchanges and digital asset service providers.

Regulatory Examination & Enforcement Support

With experience representing cryptocurrency exchanges custodying $3.8+ billion in assets, McDermott provides examination preparation and strategy for state regulator audits, FinCEN audit readiness, SEC/CFTC examination response, deficiency remediation, corrective action plans, and regulatory reporting assistance. The firm also defends clients in SEC enforcement matters for token offerings, FinCEN enforcement proceedings, state Money Transmitter enforcement actions, and CFTC enforcement defense for crypto derivatives.

Data Privacy Compliance

Services extend to privacy program advisory including GDPR compliance for EU crypto users, CCPA/CPRA compliance, blockchain privacy considerations (pseudonymity vs. right to erasure), privacy policy drafting, and data protection impact assessments (DPIAs). Cybersecurity incident response services cover breach notification analysis for crypto hacks, regulatory reporting coordination, forensic investigation oversight, and litigation defense.

Why Choose McDermott

Led by Partner Joseph B. Evans, a crypto lawyer since 2013 recognized by The American Lawyer as a "trailblazer," the practice is ranked Band 1 in Crypto-Asset Disputes by Chambers USA. The team combines deep regulatory expertise with technical understanding of blockchain protocols, consensus mechanisms, and smart contract mechanics, providing sophisticated legal advisory for compliance programs rather than day-to-day compliance operations.

Note: This is legal advisory for compliance program design and enforcement defense, not traditional Compliance-as-a-Service with outsourced MLRO/CCO roles or transaction monitoring operations.