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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.

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.