FBI warns Americans against using unregistered crypto money transmitters

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FBI warns Americans against using unregistered crypto money transmitters
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The FBI also included an official tool from FinCEN to let users look up if a company is registered as a Money Services Business.

The U.S. Federal Bureau of Investigation has warned Americans against using unregistered crypto money transmitting services.

"A few simple steps can prevent unintentional use of non-compliant services," the FBI wrote in the release. "For example, avoid cryptocurrency money transmitting services that do not collect know your customer information from customers when required."The FBI also suggested users look up whether a business is registered as a Money Services Business using a tool from the U.S. Financial Crimes Enforcement Network .

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