Regulatory Status
Our Regulatory Commitment
iCloser Ltd. operates in compliance with applicable financial regulations and maintains active registrations with federal regulatory authorities. We implement robust compliance programs to protect our users and the integrity of the financial system.
Regulatory Registrations
Money Services Business (MSB) Active
Registration Number: 31000311076673
Regulator: Financial Crimes Enforcement Network (FinCEN)
Activities: Dealer in foreign exchange, Money transmitter, Prepaid access seller
Jurisdiction: United States (Federal)
Exempt Reporting Adviser (ERA) Active
CRD Number: 338976
SEC Number: 802-134747
Date Issued: October 13, 2025
Regulator: U.S. Securities and Exchange Commission (SEC)
Jurisdiction: United States (Federal)
MSB Compliance Obligations
As a registered Money Services Business, iCloser complies with:
- Bank Secrecy Act (BSA) requirements
- Anti-Money Laundering (AML) program implementation
- Know Your Customer (KYC) procedures
- Suspicious Activity Reporting (SAR)
- Currency Transaction Reporting (CTR)
- OFAC sanctions screening and compliance
- Record keeping and reporting requirements
ERA Compliance Obligations
As an Exempt Reporting Adviser, iCloser complies with:
- Investment Advisers Act of 1940 (Exempt Reporting)
- Fiduciary duty to clients
- Form ADV disclosure requirements
- Compliance program and policies
- Books and records requirements
- Code of ethics and personal trading rules
Colorado ERA Requirements
In addition to federal SEC ERA filing, we comply with Colorado Division of Securities requirements:
- ERA Filing: Annual ERA filing maintained with SEC and notice filing with Colorado
- Compliance Program: Maintained in accordance with Colorado Rule 51-4.12(IA)
- Net Worth: Minimum liquid net worth of $35,000 maintained for custody activities
- Annual Fees: Current with all Colorado Division of Securities registration fees
Data Protection Compliance
Colorado Privacy Act (CPA)
As a Colorado-based company, iCloser complies with the Colorado Privacy Act, providing Colorado residents with rights to:
- Access personal data
- Correct inaccuracies
- Delete personal data
- Opt out of targeted advertising and profiling
- Data portability
GDPR Compliance
iCloser complies with the European Union's General Data Protection Regulation (GDPR) for users in the European Economic Area (EEA).
Important Disclaimers
Registration Does Not Imply Endorsement: Registration with FinCEN or the SEC does not constitute an endorsement of iCloser by these agencies, nor does it imply a certain level of skill or training.
Visa Card Services: Visa® is a registered trademark of Visa Inc. All Visa-branded services are provided by authorized banking partners, not directly by iCloser Ltd.
Contact Regulatory Affairs
For regulatory or compliance inquiries:
Compliance Officer: compliance@icloser.xyz
Address: iCloser Ltd., 1580 N Logan St, Suite 660 #30327, Denver, CO 80203, USA
Governing Law: State of Colorado, United States