Legal & Compliance
This page provides regulatory and compliance information for the Elvantis platform operated by Ethio American LLC. It is intended to inform users and regulators about the company's legal structure, registration status, and compliance framework.
Legal Name
Ethio American LLC
Business Type
Money Services Business (MSB)
Registered Address
3425 S 176 St Apt 284, SeaTac, WA 98188
Contact
support@elvantis.org
FinCEN MSB Registration
[Registration Number — Client to Provide]
Platform
elvantis.org
Ethio American LLC is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business pursuant to 31 CFR Part 1022. This registration is required for businesses that engage in money transmission, including the exchange of convertible virtual currency, under the Bank Secrecy Act (BSA), 31 U.S.C. 5311 et seq.
As a registered MSB, Ethio American LLC is subject to BSA compliance requirements including the establishment and maintenance of an Anti-Money Laundering (AML) program, implementation of a Customer Identification Program (CIP) under the USA PATRIOT Act (31 CFR 1022.210), transaction monitoring, recordkeeping, and mandatory reporting including Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) as applicable.
FinCEN MSB registration can be independently verified through the FinCEN MSB Registrant Search available at fincen.gov.
Money transmission activities are regulated at the state level in addition to federal oversight. State licensing requirements for money transmission and virtual currency businesses vary significantly. Ethio American LLC reviews applicable state licensing requirements on an ongoing basis.
Services may not be available in all states. Users are responsible for ensuring that use of the Elvantis platform is permitted under the laws of their state of residence. If you are uncertain about availability in your state, contact support@elvantis.org before registering an account.
Ethio American LLC maintains an Anti-Money Laundering program as required by 31 CFR 1022.210. The program includes written policies and procedures, designated compliance personnel, ongoing employee training, and independent testing of AML controls.
All accounts are subject to a Customer Identification Program consistent with the requirements of the USA PATRIOT Act. Identity verification is mandatory for all users before exchange services are accessible. The CIP collects and verifies identifying information including name, date of birth, address, and government-issued identification number.
Enhanced due diligence is applied to accounts that present elevated risk indicators. Transaction monitoring is conducted on an ongoing basis to identify activity that may require regulatory reporting.
Cryptocurrency involves substantial risk of loss. The value of digital assets can decrease significantly and rapidly. You could lose the entire value of your investment. Digital assets are not legal tender, are not backed by any government, and are not subject to FDIC insurance or any other government-backed deposit protection scheme.
Past performance of any digital asset is not indicative of future results. Market conditions, regulatory changes, technological developments, and other factors can affect the value of digital assets in ways that are unpredictable.
Elvantis does not provide investment advice, financial advice, tax advice, or legal advice. Nothing on this platform constitutes a recommendation to buy, sell, or hold any digital asset. Users should consult qualified financial and legal advisors before making decisions involving digital assets.
Ethio American LLC maintains procedures for handling consumer complaints and inquiries. To submit a complaint or report a potential error, contact support@elvantis.org with a detailed description of the issue, relevant transaction information, and your contact details.
Complaints are reviewed and addressed in accordance with applicable law. If you are not satisfied with the resolution provided, you may contact the relevant state financial regulator in your state of residence. FinCEN can be contacted regarding BSA compliance concerns at fincen.gov.
Blockchain transactions that have been broadcast to a network are generally irreversible. Users should verify all transaction details carefully before authorizing any transaction.
Ethio American LLC processes personal information in accordance with applicable US privacy law, including the California Consumer Privacy Act of 2018 (CCPA) as amended by the California Privacy Rights Act of 2020 (CPRA) for California residents.
Personal information collected for BSA compliance purposes is retained for the periods required by federal law and cannot be deleted on request where retention is mandated by regulation. For all other personal information, users have rights as described in the Privacy Policy available at elvantis.org/privacy.html.
For privacy-related inquiries, contact info@elvantis.org or write to: Ethio American LLC, 4514 Cole Ave #600, Dallas, TX 75205.