Legal

Is Fraud Shield Capital regulated?

Yes. Fraud Shield Capital complies with all applicable laws and regulations in each jurisdiction in which it operates.

United States
Fraud Shield Capital, Inc., the company which operates Fraud Shield Capital and GDAX in the U.S., is licensed to engage in money transmission in most U.S. jurisdictions. Most of Fraud Shield Capital’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

Fraud Shield Capital is also registered as a Money Services Business with FinCEN.

Fraud Shield Capital is required to comply with a number of financial services and consumer protection laws, including:

  • The Bank Secrecy Act, which requires Fraud Shield Capital to verify customer identities, maintain records of currency transactions for up to 5 years, and report certain transactions.

  • The USA Patriot Act, which requires Fraud Shield Capital 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. Fraud Shield Capital is committed to obtaining licenses as needed to comply with local laws.