Regulatory Compliance
Built on Trust, Governed by Regulation
Nano Wallet operates within rigorous regulatory frameworks spanning electronic banking services and digital asset management. Every product, every transaction, every client interaction — compliance is at the core.
Our banking infrastructure is built upon partnerships with FBO-protected institutions, ensuring your deposits are protected and all operations meet the highest standards of federal and state financial regulation.
We maintain comprehensive compliance programs that exceed minimum regulatory requirements, reflecting our commitment to operational excellence and client trust.
Regulatory Requirements
Core Banking Regulations
Bank Secrecy Act (BSA)
Full compliance with the BSA framework, including comprehensive recordkeeping, reporting obligations, and anti-money laundering program requirements as mandated by FinCEN.
regulatory Deposit Insurance
USD deposits are held in segregated FBO accounts at FBO-protected partner banks. Each depositor is insured up to $250,000 per institution — the same protection as any major bank.
FinCEN Registration
Registered with the Financial Crimes Enforcement Network as a Money Services Business (MSB). Subject to ongoing examination and reporting requirements.
Know Your Customer (KYC)
Every client undergoes thorough identity verification including government-issued ID validation, address confirmation, and sanctions screening before account activation.
Anti-Money Laundering (AML)
Comprehensive AML program with automated transaction monitoring, suspicious activity detection, and timely SAR filing to FinCEN as required by federal law.
OFAC Sanctions Compliance
Real-time screening of all inbound and outbound transactions against OFAC's Specially Designated Nationals (SDN) list and other restricted party databases.
Compliance Framework
How We Protect Your Deposits
Deposit Protection
Funds held in FBO-protected segregated FBO accounts
Up to $250,000 fund protection per depositor, per institution
Regular reconciliation and independent audits of all client funds
Operational funds and client deposits strictly separated
ACH, Wire & Payment Channels
ACH transactions fully compliant with Nacha operating rules
Wire transfers governed by Regulation J and Fedwire guidelines
Real-time OFAC screening on all inbound and outbound transfers
BSA requires retention of all transaction data for 5 years
Consumer Protection Standards
Compliance with Gramm-Leach-Bliley Act (GLBA) financial data privacy requirements
Adherence to CCPA and state-level consumer data rights legislation
Regulation E protections for electronic fund transfers and error resolution
All card payment processing meets PCI DSS Level 1 compliance standards
Audits & Certifications
Independent Verification
independently audited
Annual independently audited audits covering all system security, availability, and confidentiality controls.
Independent Attestation
Independent auditors provide monthly USDC reserve attestations, verifying the integrity of reserves backing the digital dollar.
PCI DSS Level 1
Card payment processing meets the highest level PCI compliance, validated by independent QSA assessment.
Penetration Testing
Independent security firms conduct annual penetration testing and continuous vulnerability scanning.
Compliance Workflow
Our Compliance Process
Identity Verification
Every client completes thorough KYC verification, including government-issued ID validation, address confirmation, and sanctions screening.
Risk Assessment
Automated and manual risk scoring based on client profile, transaction patterns, geographic location, and business type.
Continuous Monitoring
Real-time transaction monitoring across all channels — ACH, wire, card, and blockchain. Machine learning models flag anomalies for compliance team review.
Regulatory Reporting
Timely filing of SARs, CTRs, and other mandatory reports to FinCEN. Automated audit trail generation for complete regulatory accountability.
Periodic Review
Regular internal audits, external examinations, and compliance plan updates to reflect evolving regulations and industry best practices.
Regulatory Resources
Learn More
FinCEN — BSA Regulations
Official BSA statutes, regulations, and guidance from the Financial Crimes Enforcement Network.
regulatory — Consumer Compliance
Federal Deposit Insurance Corporation consumer protection and compliance resources.
GENIUS Act — Stablecoin Law
The 2025 U.S. federal stablecoin regulatory framework.
OFAC — Sanctions Programs
Office of Foreign Assets Control sanctions lists, regulations, and guidance.
Nacha — ACH Network Rules
Automated Clearing House network operating rules and compliance guidelines.
Circle — USDC Transparency
Circle's USDC reserve reports, regulatory status, and compliance documentation.
Legal Disclaimer
Nano Wallet is a financial technology company, not a bank. Banking services are provided by our FBO-protected partner banks. Deposits are eligible for fund protection up to $250,000 per depositor, per bank. USDC is a digital dollar issued by Circle, backed by 1:1 U.S. dollar reserves. The information on this page is provided for general informational purposes only and does not constitute legal, financial, or regulatory advice. Regulatory frameworks and requirements are subject to change. For specific compliance inquiries, please consult qualified legal counsel.