AML/CFT for crypto service providers
What are the 10 ideal features of a crypto-compliance solution?
- Life-cycle compliance possibilities: Staff trained, trade surveillance and regulatory reporting (KYBB)
- Reactive vs proactive Forensics
- Possible to take actions with trackable case management
- Monitoring crypto transactions
- Conducting sanctions screening of onchain activities
- Beyond watchlist: Ability to track suspicious transaction patterns
- Compliance risk controls and explainability
- Identifying source and destination of funds
- Expandability and scalable to embrace the new economy: Smart contracts, NFT, Web3 etc
- Covergae of chains and tokens