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“We see that regulators have recognized the importance of geolocation data for strengthening KYC/AML and sanctions compliance.”
Chia Hock Lai, Co-chairman, Blockchain Association Singapore -
“Advanced location signaling provides another critical data point that gives insight into the legitimacy and validity of transactions.”
Jarod Koopman Director, IRS – Criminal Investigations (CI) -
“Virtual currency companies with strong sanctions compliance programs should be able to use geolocation tools to identify and prevent IP addresses that originate in sanctioned jurisdictions from accessing a company’s website and services for activity that is prohibited by OFAC’s regulations.”
Sanctions Compliance Guidance for the Virtual Currency Industry, OFAC, Oct. 2021
Location intelligence helps improve compliance and prevent financial crime for virtual asset companies
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Improve AML and Sanctions Checks
Deter illicit actors and detect suspicious activity in real-time with compliance-grade geolocation.
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Strengthen KYC Verification
Verify a user’s true digital identity at onboarding and validate their exact location during a transaction.
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Combat Ransomware
Prevent ransomware delivery and stop cyber-criminals from converting crypto to fiat currency on your platform.
White Paper: How Virtual Currency Companies Can Reduce Regulatory Risks
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Bulletproof Your Crypto KYC/AML and Sanctions Compliance Programs with Geolocation
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Attention, Crypto Exchanges! FATF Standards Include Geolocation Data for Digital ID and KYC
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Improve your compliance with location intelligence
Let’s arrange a time to discuss how we can help you to reduce your regulatory risk and protect your customers. We look forward to chatting with you.