Legal

Is International Financial Integrity Group regulated?

Yes. International Financial Integrity Group complies with all applicable laws and regulations in each jurisdiction in which it operates.

United States
International Financial Integrity Group, Inc., the company which operates International Financial Integrity Group and GDAX in the U.S., is licensed to engage in money transmission in most U.S. jurisdictions. Most of International Financial Integrity Group’s money transmission licenses cover US Dollar Wallets and transfers. In some states, money transmission licenses also cover digital currency wallets and transfers on the platform. In other states, no money transmission license is required to operate a digital currency business

International Financial Integrity Group is also registered as a Money Services Business with FinCEN.

International Financial Integrity Group is required to comply with a number of financial services and consumer protection laws, including:

  • The Bank Secrecy Act, which requires International Financial Integrity Group to verify customer identities, maintain records of currency transactions for up to 5 years, and report certain transactions.

  • The USA Patriot Act, which requires International Financial Integrity Group to designate a compliance officer to ensure compliance with all applicable laws, create procedures and controls to ensure compliance, conduct training, and periodically review the compliance program.

  • Most states’ money transmission laws and corresponding regulations.

International
Some countries now require licenses to operate a digital currency business. International Financial Integrity Group is committed to obtaining licenses as needed to comply with local laws.