In the current environment of rapidly evolving financial crime compliance expectations for crypto and DeFi, knowing exactly who you are doing business with has never been more important. Transparency in customer identity verification are paramount to crypto and DeFi ventures looking to meet today’s regulatory compliance standards. Failure to properly gather and analyze customer information, fully understand the nature and purpose of customer relationships, appropriately assess and maintain customer risk profiles, and mitigate risks associated with financial crimes can lead to major enforcement actions that in turn can result in fines, sanctions, and reputational damage.
Our crypto compliance professionals assist crypto and DeFi ventures in developing and enhancing KYC policies and procedures, including customer identification programs (CIP), customer due diligence (CDD), enhanced due diligence (EDD), and other related processes, that meet current regulatory standards. Our professionals also provide support for business-as-usual (BAU) enhanced due diligence reviews, periodic KYC reviews, or ad hoc remediation initiatives.
CryptoSec is a regulatory consulting and interim management firm and does not provide legal advice, opinion, or services. Our services cannot and should not be relied upon as legal advice or opinion. We recommend you consult a lawyer if you want legal advice, opinion, or services.