Compliance & Regulatory Information

Federal Registration — FinCEN

FinCEN is a bureau of the U.S. Department of the Treasury. As a registered MSB, Dana Express LLC is subject to the requirements of the Bank Secrecy Act (BSA), including anti-money laundering program maintenance, recordkeeping, and reporting obligations.

Our FinCEN registration can be verified at the official FinCEN MSB Registrant Search: fincen.gov/msb-registrant-search.

State Licensing — Washington

The Washington State Department of Financial Institutions (DFI) regulates money transmitters under the Uniform Money Services Act (RCW Chapter 19.230). As a licensed money transmitter, we are subject to examination, annual reporting, and surety bond requirements.

Registration & License Summary

Registration and license information is provided for verification purposes. We comply with all applicable U.S. federal and state regulations.

AML & KYC Program

Dana Express LLC maintains a written AML Compliance Program that includes:

• Customer Identification Program (CIP): All customers are required to provide and verify their identity before accessing services. We collect name, address, date of birth, and government-issued identification.
• Transaction Monitoring: We employ automated systems to detect and flag potentially suspicious transaction patterns for review.
• OFAC Screening: All customers and transactions are screened against OFAC's Specially Designated Nationals (SDN) and other sanctions lists.
• Suspicious Activity Reporting (SAR): We file SARs with FinCEN when required under 31 CFR Part 1022.
• Currency Transaction Reports (CTR): We file CTRs for transactions exceeding applicable thresholds as required by law.
• Recordkeeping: We maintain all records required by the BSA for the required retention periods.
• Employee Training: Our compliance personnel receive regular training on AML obligations and regulatory updates.
• Independent Testing: Our AML program is subject to periodic independent review.

Risk Disclaimer

The value of cryptocurrency and other digital assets can fluctuate significantly. Customers should be aware of the following risks:

• Market Volatility: Digital asset prices are highly volatile and can decrease substantially in value over short periods.
• No Guaranteed Returns: Dana Express LLC does not guarantee any returns, profits, or preservation of value for any digital assets.
• Not Investment Advice: Nothing provided by Dana Express LLC constitutes investment, financial, tax, or legal advice.
• Technology Risk: Blockchain and digital asset technology involves operational, security, and protocol risks.
• Regulatory Risk: The regulatory landscape for digital assets continues to evolve and may affect the availability of services.
• Irreversibility: Blockchain transactions are generally irreversible. Customers should exercise caution when initiating transfers.

Bank Secrecy Act Compliance

As a registered Money Services Business, Dana Express LLC is obligated to comply with the Bank Secrecy Act (BSA), 31 U.S.C. §§ 5311–5336, and its implementing regulations found at 31 CFR Chapter X. Our compliance obligations include:

• Registration as an MSB with FinCEN
• Maintaining a written AML compliance program
• Designating a BSA Compliance Officer
• Filing Suspicious Activity Reports (SARs)
• Filing Currency Transaction Reports (CTRs)
• Complying with the Travel Rule for funds transfers
• Maintaining required records for 5 years minimum

Regulatory Framework

Dana Express LLC operates under the following regulatory framework:

Federal Regulations

• Bank Secrecy Act (BSA), 31 U.S.C. §§ 5311–5336
• 31 CFR Chapter X (FinCEN Regulations)
• FinCEN Guidance on Virtual Currency (FIN-2013-G001)
• FinCEN Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies
• USA PATRIOT Act requirements
• OFAC sanctions compliance regulations

State Regulations

• Washington Uniform Money Services Act, RCW Chapter 19.230
• Washington State Department of Financial Institutions rules and guidance

Compliance Contact

For regulatory inquiries, compliance-related questions, or to report concerns, please contact us:

Last reviewed: 2025. We comply with all applicable U.S. federal and state regulations.