Cryptocurrency Compliance
We help crypto companies navigate the complex and ever-evolving world of cryptocurrency regulations to ensure they are in compliance at all times. Our team will work closely with you to develop and implement a comprehensive compliance strategy that takes into account your unique needs and circumstances. With our support, you can focus on growing your business and realizing the full potential of digital currencies.
About
Cryptocurrency Compliance
Cryptocurrency compliance refers to the measures and regulations that cryptocurrency businesses and individuals must follow to ensure they operate legally and ethically. These measures and regulations vary depending on the jurisdiction, but generally include anti-money laundering (AML) and know-your-customer (KYC) laws.
AML laws are designed to prevent the illegal use of cryptocurrency, such as money laundering or financing of terrorism. To comply with AML laws, cryptocurrency businesses may be required to implement measures such as customer identification, transaction monitoring, and reporting suspicious activity to the relevant authorities.
KYC laws require businesses to verify the identity of their customers, in order to prevent identity theft and other forms of financial fraud. Cryptocurrency businesses may be required to collect and verify certain personal information from customers, such as name, address, and government-issued ID.
Compliance is an important part of operating a cryptocurrency business, as non-compliance can result in fines, penalties, and even legal action.
Mitigate Risks
You can reduce the risk of penalties and fines. Our team provide you with the support you need to stay in compliance with all cryptocurrency regulations.
Stay Compliance
You can stay ahead of the regulatory curve with the help of our experts who understand the cryptocurrency regulatory landscape and also staying up-to-date for any changes in the law.
Focus on Your Business
You can reclaim time to focus more on the bigger picture of your company. We will handle the complexities of compliance, so you can free up time to spent on growing your business.
We Are In This Together
Our Cryptocurrency Compliance Services
includes but not limited to
- Work with KYC/Onboarding team to conduct due diligence on new and existing clients, including sanction screening;
- Support daily transaction monitoring by identifying and analysing indicators of increased risk;
- Maintenance of all relevant records, including training logs; and Deputizing the MLRO, as needed
- Regulatory Affairs & Compliance
- Support in company establishment and licensing process
- Monitor regulatory developments (regulatory and policy change initiatives) with respect to AsiaNext business relevance (impact, opportunity, and risk assessment of such changes/projects)
- Assist in providing regulatory advisory to employees
- Assist in defining and interpreting regulatory requirements and best practices when required, apply regulatory audit tools to deliver regulatory audit services
- Pro-active Compliance involvement in projects and new initiatives, both from a Compliance risk perspective and the design of new products and services that include Compliance capabilities
- Contact for internal and external auditors, and closely cooperating with business and technology specialists
- Assist in monitoring, managing, and tracking completion of adherence to regulatory expectations
Set-up and Record-keeping
- Support in company establishment and licensing process
- Pro-active Compliance involvement in projects and new initiatives, both from a Compliance risk perspective and the design of new products and services that include Compliance capabilities
- Maintenance of all relevant records, including training logs; and Deputizing the MLRO, as needed
Screening and Monitoring
- Work with KYC/Onboarding team to conduct due diligence on new and existing clients, including sanction screening;
- Support daily transaction monitoring by identifying and analyzing indicators of increased risk
- Assist in monitoring, managing, and tracking completion of adherence to regulatory expectations
Communication
- Assist in providing regulatory advisory to employees
- Contact for internal and external auditors, and closely cooperating with business and technology specialists
Regulatory Compliance
- Regulatory Affairs & Compliance
- Monitor regulatory developments (regulatory and policy change initiatives) with respect to business relevance (impact, opportunity, and risk assessment of such changes/projects)
- Assist in defining and interpreting regulatory requirements and best practices when required, apply regulatory audit tools to deliver regulatory audit services
Stay Ahead of the Game!
Our team of experts will work with you to navigate the complex landscape of cryptocurrency regulations, minimize risk, and help you stay in compliance at all times. Don’t risk costly fines or legal consequences. Invest in the future of your business and contact us now to schedule a consultation. Let us help you stay compliant and secure in the rapidly evolving world of cryptocurrency.