U.S. Money Services Business Registration
Catcrs completed its Money Services Business (MSB) registration with the Financial Crimes Enforcement Network (FinCEN) — a bureau of the U.S. Department of the Treasury — on October 21, 2021, and renews registration as required by law. This designation mandates ongoing compliance with the Bank Secrecy Act (BSA) and its anti-money laundering (AML) provisions.
Registration Date: October 21, 2021Anti-Money Laundering Obligations
We adhere fully to the Bank Secrecy Act framework for Money Services Businesses, including all customer due diligence and reporting requirements.
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🪪Customer Identification (KYC) All customers are subject to identity verification procedures that are calibrated to transaction size, geography, and risk classification prior to account activation.
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📁Record Retention All required transactional and identification records are retained in accordance with BSA requirements and reviewed regularly for completeness and accuracy.
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🚩Suspicious Activity Reporting (SAR) Our compliance systems monitor for and report suspicious transactions to FinCEN in accordance with mandatory SAR filing requirements under BSA regulations.
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⚖️Sanctions Screening We dynamically update OFAC and international sanctions lists. All accounts and transactions are screened against high-risk databases and flagged for review.
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🔍On-Chain Analytics Integrations with on-chain analytics partners allow us to assess the risk profile of wallet addresses and transaction histories, detecting exposure to illicit activity.
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🔄Periodic Internal Review Compliance policies and customer risk classifications are reviewed on a recurring basis to incorporate regulatory updates and emerging threat patterns.
Cross-Border Information Transparency
We actively track and implement FATF guidance for Virtual Asset Service Providers (VASPs), with particular focus on the Travel Rule (Recommendation 16) and cross-border transfer transparency.
Travel Rule (R.16) Compliance
FATF Recommendation 16 requires VASPs to transmit originator and beneficiary information for cross-border transfers. We continuously improve our process and system adaptation to meet these standards across jurisdictions.
VASP-to-VASP Messaging
We are working toward interconnection with peer VASP messaging networks to enable compliant information exchange in cross-border transfers, as required by evolving FATF guidance and local regulators.
Anti-Scam & Anti-Fraud Tools
Following the FATF 2023–2025 updates on fraud and scam prevention, we have integrated behavioral analytics and anti-scam detection into our withdrawal and onboarding flows.
Localized Operations, Conservative Interpretation
We respect and comply with regulatory differences across jurisdictions, applying differential standards for identity verification depth, product availability, and transaction limits by region.
Our Compliance Philosophy
Catcrs operates under the principle of "compliance takes precedence over expansion." Before entering a new market, we assess local VASP regulatory requirements, licensing obligations, and payment partner availability. We partner with local compliance vendors, identity verification providers, and payment processors who are already operating within the relevant regulatory framework. High-risk jurisdictions and sanctioned territories are excluded from service availability by default.
Next 12–18 Months
Our forward compliance priorities are driven by FATF guideline evolution, jurisdictional licensing progress, and partner network expansion.
Travel Rule Network Expansion
Enhance Travel Rule process coverage and connect to additional VASP messaging networks, enabling compliant cross-border transfer information sharing with peer exchanges.
Multi-Jurisdiction KYC Partners
Integrate with additional regional KYC and payment partners, expanding compliant access in phases while maintaining strict onboarding standards in each jurisdiction.
Annual Penetration Test Publication
Publish summaries of annual third-party penetration tests and security assessments, providing external verification of our security posture alongside PoR disclosures.
Regularized PoR Disclosure
Transition from internal PoR trials to scheduled, recurring public disclosures with standardized methodology documentation and third-party review verification.