Compliance, Travel Rule FATF Releases Updated VASP Guidance for public consultation As promised following its plenary session in February, the FATF has now released its draft guidance for Virtual Asset Service Providers (VASPs) for public consultation. In this article, we take a look at some of the key updates and suggestions. 29 Mar 2021
Compliance Software, Regulation 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. 11 Mar 2021
Compliance Software, RegTech Compliance Challenges for VASPs and Automated KYC Solutions 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. 26 Feb 2021
Compliance Software, RegTech, Travel Rule SelfKey’s Compliance Hub Solution: Key Benefits for VASPs 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. 15 Dec 2020
Compliance, Compliance Software, KYC Software, Travel Rule Comparing Travel Rule Compliance Solutions 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. 1 Dec 2020
Compliance, Compliance Software, Customer Onboarding Tool, KYC, KYC Software KYC Automation: The Crypto Exchange Solution As global Anti-Money Laundering (AML) legislation expands to include crypto companies and exchanges, the rising costs and complexity of compliance have quickly become apparent. Luckily, advanced Know Your Customer (KYC) automation tools can provide a welcome solution for companies in the crypto space seeking to streamline customer onboarding while keeping on the right side of regulation. 16 Oct 2020
Bitcoin, Compliance Software, KYC Software OAX Foundation Announces Partnership with KYC-Chain to Bring Compliance Controls to Digital Asset Trading OAX Foundation and KYC-Chain have today announced an agreement to promote strong governance standard in digital asset trading. 19 Mar 2019