Legal

Compliance & Regulatory

TapCash is committed to operating with the highest standards of regulatory compliance and security. We work closely with regulators to ensure our services meet all legal requirements while providing innovative money movement solutions.

Important Notice

TapCash is not a bank. Banking services, where provided, are offered through our partner financial institutions that are members of the FDIC.

USDvt digital dollars are not FDIC insured. While USDvt is backed 1:1 by USD reserves held in regulated custody accounts, it does not carry government deposit insurance.

Money transmission services are provided by TapCash Inc. under applicable state licenses.

Licenses & Registrations

FinCEN Registration

Active

TapCash Inc. is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network.

MSB Reg. #31000212345678

State Money Transmitter Licenses

Active / Pending

We hold or have pending applications for money transmitter licenses in states where required.

47 states + DC

Compliance Programs

Anti-Money Laundering (AML)

Comprehensive AML program including transaction monitoring, suspicious activity reporting, and OFAC sanctions screening.

  • Real-time transaction monitoring
  • Automated suspicious activity detection
  • OFAC/SDN list screening
  • Enhanced due diligence for high-risk accounts
  • Regular independent AML audits

Know Your Customer (KYC)

Identity verification for all users to prevent fraud and comply with regulations.

  • Government ID verification
  • Address verification
  • Beneficial ownership identification (Business)
  • Ongoing customer due diligence
  • Risk-based verification tiers

Sanctions Compliance

Screening against global sanctions lists to prevent prohibited transactions.

  • OFAC sanctions screening
  • UN sanctions list screening
  • EU consolidated list screening
  • Real-time and batch screening
  • False positive management

Data Protection

Protecting user data in compliance with privacy regulations.

  • CCPA compliance
  • GDPR-ready practices
  • Data encryption at rest and in transit
  • Secure data retention and disposal
  • User data access and deletion rights

Financial Reporting

Meeting all regulatory reporting requirements.

  • Currency Transaction Reports (CTRs)
  • Suspicious Activity Reports (SARs)
  • FinCEN Form 8300 reporting
  • State-specific reporting requirements
  • Annual compliance reporting

Consumer Protection

Ensuring fair treatment and transparency for all users.

  • Clear fee disclosures
  • Error resolution procedures
  • Complaint handling process
  • Fund safeguarding requirements
  • Transparent transaction receipts

Security Measures

Infrastructure Security

  • SOC 2 Type II certification (in progress)
  • Regular penetration testing
  • 24/7 security monitoring
  • DDoS protection
  • Secure cloud infrastructure

Application Security

  • End-to-end encryption
  • Multi-factor authentication
  • Passkey (WebAuthn) support
  • Session management
  • API security controls

Operational Security

  • Employee background checks
  • Security awareness training
  • Access control and monitoring
  • Incident response procedures
  • Business continuity planning

Report a Concern

If you suspect fraudulent activity, money laundering, or other compliance violations, please report it immediately. All reports are taken seriously and investigated thoroughly.

Compliance Team

Email: compliance@tap.cash

For regulatory and compliance inquiries

Security Team

Email: security@tap.cash

For security vulnerabilities and incidents

Regulatory Contacts

If you have a complaint that has not been resolved to your satisfaction, you may contact the appropriate regulatory authority:

Consumer Financial Protection Bureau (CFPB)
Website: consumerfinance.gov
State Financial Regulator
Contact your state's Department of Financial Services or equivalent agency