Legal & Compliance

Regulatory Framework

DIRE MONEY TRANSMITTER LLC operates as a money services business under applicable federal and state regulations. We maintain compliance with anti-money laundering (AML) requirements, know-your-customer (KYC) procedures, and other regulatory obligations.

Our operations are subject to oversight by relevant financial regulatory authorities, and we work to maintain appropriate licenses and registrations where required for our business activities.

Licensing and Registration

Dire-money maintains appropriate business licenses and registrations to operate in jurisdictions where we provide services. This includes money transmitter licenses, business registrations, and other regulatory approvals as required by law.

We regularly review our licensing requirements and work to maintain compliance with evolving regulatory standards in the cryptocurrency and financial services sectors.

Anti-Money Laundering (AML) Program

Our AML program includes customer identification procedures, transaction monitoring systems, and suspicious activity reporting protocols. We maintain records as required by applicable regulations and cooperate with law enforcement investigations.

All users undergo identity verification processes designed to help prevent money laundering, terrorist financing, and other illicit activities on our platform.

Know Your Customer (KYC) Requirements

We implement KYC procedures to verify customer identities and assess risk profiles. This includes collecting and verifying personal information, conducting background checks, and ongoing monitoring of customer activities.

KYC requirements may vary based on account types, transaction volumes, and jurisdictional requirements. Enhanced due diligence may be required for certain customers or transactions.

Sanctions and Prohibited Persons

Dire-money screens customers and transactions against applicable sanctions lists, including those maintained by the Office of Foreign Assets Control (OFAC) and other relevant authorities.

We prohibit transactions involving sanctioned individuals, entities, or jurisdictions. Accounts may be restricted or closed if sanctions screening identifies potential violations.

Data Protection and Privacy

We maintain data protection measures designed to safeguard customer information in accordance with applicable privacy laws and regulations. This includes the California Consumer Privacy Act (CCPA) and other relevant data protection requirements.

Our privacy practices are detailed in our Privacy Policy, which outlines how we collect, use, and protect customer information.

Financial Crime Prevention

Our compliance program includes measures designed to detect and prevent various forms of financial crime, including fraud, market manipulation, and other prohibited activities.

We employ transaction monitoring systems, risk assessment procedures, and other controls to identify potentially suspicious activities and report them to appropriate authorities as required.

Regulatory Reporting

Dire-money files required regulatory reports with appropriate authorities, including suspicious activity reports (SARs), currency transaction reports (CTRs), and other compliance-related filings.

We maintain records of transactions and customer information as required by applicable record-keeping requirements and make them available to regulators upon request.

Third-Party Risk Management

We conduct due diligence on third-party service providers and business partners to help ensure they meet appropriate compliance standards. This includes ongoing monitoring of third-party relationships and risk assessments.

Our vendor management program includes contractual requirements for compliance with applicable laws and regulations by our service providers.

Compliance Training and Awareness

Our staff receives regular training on compliance requirements, including AML/KYC procedures, sanctions screening, and other regulatory obligations. We maintain documentation of training programs and participation.

Compliance awareness is integrated into our corporate culture and business operations to help ensure consistent adherence to regulatory requirements.

Audit and Monitoring

We conduct regular internal audits and assessments of our compliance program to identify areas for improvement and ensure ongoing effectiveness. External audits may also be conducted as required or appropriate.

Our monitoring systems are designed to detect potential compliance issues and trigger appropriate responses, including investigation, remediation, and reporting as necessary.

Regulatory Updates and Changes

We monitor regulatory developments and work to adapt our compliance program to address new requirements or changes in existing regulations. This includes participation in industry associations and regulatory consultations.

Changes to our compliance procedures are communicated to relevant staff and implemented through appropriate change management processes.

Compliance Contact Information

For compliance-related inquiries, regulatory matters, or to report potential violations, please contact our compliance team:

Compliance Email: compliance@dire-money.com
Legal Email: legal@dire-money.com
Phone: +1-206-555-0123
Address: 9000 Renton Ave S Unit 1, Seattle, WASHINGTON 98118, United States

We take compliance matters seriously and will respond to inquiries promptly and appropriately.