Compliance

KYC for Market Makers: A Case for Advanced Identity Proofing and Institutional Verification

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.

15 Jul 2021

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As promised following its plenary session in February, the FATF has now released its draft guidance for Virtual Asset Service Providers (VASPs) for public consultation.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, 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

AML, Compliance, KYC Software, UBOs

UBO Reporting Requirements Expand Globally

As Ultimate Beneficial Owner (UBO) transparency becomes a vital feature of the financial crime landscape, regulatory authorities around the world are strengthening and expanding their reporting requirements for companies.

1 Oct 2020

AML, Compliance, Kyc Solution

Corporate KYC: Challenges and Solutions

While KYC is usually discussed in terms of the information individuals must provide to onboarding institutions, Corporate KYC procedures tend to be more detailed, complicated, and by extension costly. Here we discuss the challenges of Corporate KYC and the solutions that are becoming available to overcome them.

24 Sep 2020

Compliance, Cryptocurrency, FATF, Regulation, Travel Rule

FATF Travel Rule for VASPs: Challenges and Next Steps

In June 2019, the Financial Action Task Force (FATF) updated its Travel Rule to include VASPs. A year on, VASPs and national regulators still face many challenges in implementing the Recommendation. However, positive steps have been taken to help bring the growing sector into the regulatory fold of the broader financial industry.

18 Sep 2020

Compliance

Ireland Finally Adopts 5AMLD: What Now for Crypto Companies?

Ireland has finally transposed 5AMLD into its national law. This means the country’s Virtual Asset Service Providers (VASPs) will be treated and regulated just like traditional financial institutions – posing both challenges and opportunities for the nascent industry.

10 Sep 2020