Regulatory Compliance

Money Service Business (MSB) Registration

Bank Secrecy Act (BSA) Compliance

1 Mind LLC adheres to all Bank Secrecy Act requirements, including:

• Customer Identification Program (CIP)
• Suspicious Activity Reporting (SAR)
• Currency Transaction Reporting (CTR)
• Record keeping and reporting requirements

Anti-Money Laundering (AML) Program

Our comprehensive AML program includes:

• Customer due diligence procedures
• Transaction monitoring systems
• Employee training programs
• Independent compliance testing

Know Your Customer (KYC) Requirements

We implement robust KYC procedures to verify customer identities and assess risk profiles for transactions above regulatory thresholds.

State Licensing

1 Mind LLC maintains appropriate state-level money transmitter licenses where required for our business operations.

International Compliance

Our products comply with international standards including:

• Common Criteria EAL5+ security certification
• FCC certification for electronic devices
• CE marking for European markets
• GDPR compliance for EU customers

Audit and Reporting

We undergo regular compliance audits and maintain transparent reporting to regulatory authorities as required by law.

Contact Compliance Team