The FATF announces updated VASP guidance
At the end of February the Financial Action Task Force (FATF) outlined a range of new measures and updates aimed at strengthening its Strategic Initiatives, with particular attention paid to VASPs.
Using KYC-Chain, our market maker clients build fast and detailed insights into the potential clients and projects they are considering onboarding. Advanced ID proofing brings the transparency, oversight and risk mitigation the space needs.
Expanding global AML regulations are driving compliance costs up for financial service providers, including crypto companies. This article explores how Automated KYC Solutions can help reduce financial pressure on startups while ensuring they attain compliance through robust AML protocols.
As many regulators are now beginning to treat all tokens as securities, choosing the right KYC tech is an important step for any company considering an ICO. This article outlines the benefits of implementing the right KYC tools and what to look for in your KYC provider.
Two terms that are of key importance in any discussions on crypto compliance issues are Know Your Customer (KYC) and the Travel Rule. In this article we explain what they are, how they differ and how they’re related.
Arguably one of the biggest drivers of innovation in the regtech industry has been the movement to accelerate adoption of the FATF’s Recommendation 16 – commonly referred to as the Travel Rule. That expansion has sparked a wide range of new developments, initiatives and solutions, which we cover in this article.
SelfKey’s new Compliance Hub provides a straightforward and efficient end-to-end solution for Virtual Asset Service Providers (VASPs) to comply with the FATF’s Recommendation 16: the so-called ‘Travel Rule’. In this article, we outline some of the key benefits VASPs can enjoy by using the SelfKey Compliance Hub.
SelfKey’s Compliance Hub Solution has been designed to make compliance with the FATF’s Travel Rule more simple, effective and safer both for VASPs and their customers. This article explores how it does just that, adding to an already vibrant ecosystem of projects building solutions to this challenge.