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May 28, 2021

Geolocation Data: Crypto Exchanges’ Secret Weapon to Slash Regulatory Risk and Fight Financial Crime

  • Whitepaper
  • Fintech

6 Ways to Improve KYC/AML and Sanctions Compliance

Million-dollar fines. Prison time. Lawsuits. Regulators are cracking down on cryptocurrency exchanges that facilitate money laundering, terrorist financing, fraud and other financial crimes. And that’s just the beginning. From the United States to Europe and Southeast Asia, regulators around the world are investigating crypto like never before.

Legitimate exchanges want greater clarity about the regulatory environment in which they operate and are searching for new solutions to help them stay in front of ever-increasing crypto regulations and scrutiny.

In this white paper you’ll learn:

  • The risks and challenges exchanges face as lawmakers focus more attention on regulating cryptocurrency
  • How advanced geolocation data can help cryptocurrency platforms and exchanges comply with growing KYC/AML, sanctions compliance and other regulatory mandates
  • The limitations of using IP for location validation in KYC and digital identity verification