A quick Google search will tell you that a crypto mixer service (aka a tumbler) is a service designed to obscure the origin and destination of cryptocurrency transactions by blending potentially identifiable funds with others. While intended to enhance privacy, these services are heavily associated with money laundering and other illegal activities, leading to significant regulatory scrutiny and legal action. This should make your BSA/AML/CFT alarm bells go off and is something institutions need to have an understanding of and be on the lookout for as cryptocurrency becomes more and more prevalent.
Kevin explains more in the video.
Published
2026/01/05
Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).
