in short they're required to register with fwincen, put aml controls in place, and provide s certain reports to fincen.n repo it's in the best interests of virtual currency providers to u comply with these regulations. any financial institution could be exploited for money laundering purposes. what's important is for poses. institutions to put controls in place to deal with those money laundering threats. at the same time being a good e. corporate citizen and complying with regulatory responsibilities is good for a company's bottom line.om every financial institution needs to be concerned about its reputation and show that it is operating with transparency and integrity within the bounds of the law. legitimate customers will be drawn to a virtual currency or administrator or exchanger wher they know their money is safe ny and where they know the company has a reputation for integrity.i and banks will want to provide r services to administrators or t exchangers that show not only great innovation but also great integrity and transparency. the decision to bring virtual currency within