Regulators are imposing heavy fines and penalties on virtual currency companies that permit individuals to transact from within sanctioned jurisdictions. To identify and stop these individuals – and protect your organization from regulatory risk – the Office of Foreign Assets Control (OFAC) recommends geolocation tools and IP address blocking controls as a sanctions compliance best practice. To help you onboard more legitimate customers and block users in sanctioned or high-risk jurisdictions, GeoComply offers next-level location intelligence. Our unique approach to collecting, verifying and analyzing location data brings a new set of insights for compliance and risk management, so you can:
Increase location accuracy for digital identity verification.
Augment existing risk engines with accurate location data.
Amplify your VPN and proxy detection with the industry’s gold-standard IP database.
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9 billion+
analyzed transactions per year, and growing
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400 million+
installed devices worldwide
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350+
checks run on every transaction
GeoComply Strengthens KYC/AML & OFAC Sanctions Compliance
Use Case
KYC and digital identity verificationUse Case
KYC and digital identity verification
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Verify a customer’s true location as part of their digital identity – from onboarding to updating user credentials. -
Identify the use of high-risk VPNs, fraudulent IP addresses and other location spoofing
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Exclude individuals trying to login from sanctioned or high-risk countries.
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Validate the exact location of a user at the time of a transaction. Detect suspicious activity in real-time.
How GeoComply Helps
Benefit
Use Case
AML & sanctions checksUse Case
AML & sanctions checks
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Identify the use of high-risk VPNs, fraudulent IP addresses and other location spoofing methods.
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Analyze historical geolocation transactions to detect and flag abnormal behavior, such as location jumping.
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Determine the legitimacy of an IP address potentially associated with criminal activity.
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Identify and block transactions originating in sanctioned jurisdictions.
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Create an audit trail for improved reporting and traceability of all transactions.
How GeoComply Helps
Benefit
Use Case
GeofencingUse Case
Geofencing
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Create a virtual perimeter around sanctioned or high-risk jurisdictions using verified location data from a user’s device.
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Block high-risk users or users from sanctioned jurisdictions. Ensure sanctions compliance. Reduce the risk of fines and other enforcement actions.
How GeoComply Helps
Benefit
GeoComply’s Geolocation Security Solutions
Geolocation compliance tools for every use case
Increase location accuracy for digital identity verification, fraud detection and regulatory compliance.
Enhance existing risk models with a frictionless API-based solution
Improve customer identification and fraud detection with verified location data.
The only VPN and proxy detection solution with 99.6% accuracy
Safeguard against the most advanced location spoofing methods.