BSA/AML

Sovereign Digital holds all the necessary licenses and certifications to work with securities, funds, and other transactions that fall within the purview of the company.
Furthermore, Sovereign Digital and our custodian Gemini are in compliance with the Bank Secrecy Act, also known as the Anti-Money Laundering (BSA/AML) law, in particular, its Counter-Terrorist Financing (“CTF”) provisions. Our institutions take compliance very seriously and undertake all the necessary steps to prevent and report fraudulent and suspicious transactions, attempts to finance terrorist activity, money laundering, or any other financial crimes.
In accordance with Patriot Act (Section 326), and U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) Sanctions regulations, every client (prior to opening an account) is asked to report sources of his/her financial means, and may become a subject of background checks and additional information requirements. More on this subject can be found here.