Turn Compliance into your Competitive Advantage
Crypto Exchange companies are under enormous pressure to implement robust compliance programs that include Customer Due Diligence (CDD), KYC/Anti-Money Laundering and Counter Terrorist Financing procedures to comply with changing rules and regulations and to mitigate financial and reputational risk. The EU is regulating Crypto Exchange and this forces VASPs to comply or risk heavy fines.
Fragmented jurisdictions are converting compliance into a very complex challenge for VASPs that do not partner with a third-party Regtech solution provider. This article attempts to provide clarity.
Link to Article on Fourthline Website