CRYPTO-TM-001Critical Risk
crypto/virtual assets
Red Flag
Customer deposits virtual currency and immediately sends it to a mixing service, tumbler, or privacy-enhancing wallet that obscures the transaction trail on the blockchain.
Industry
Cryptocurrency Exchanges
Transaction Type
crypto
Customer Type
individual
Category
Regulatory Source
Document:FIN-2019-G001 Convertible Virtual Currency
Type:FinCEN Guidance
CFR Citation:31 CFR §1022.210
SAR Category:Money laundering
FinCEN Key Term:Mixer/Tumbler
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.