This article explores the EU's MiCA regulation for cross-border crypto services, focusing on evolving AML/KYC standards. It covers essential compliance steps for VASPs and CASPs, emphasizing transparency, stability, and tools like MarketGuard for streamlined regulatory adherence.
Regulatory reporting
MarketGuard provides comprehensive support for regulatory reporting:
- Generate reports tailored to the specific requirements of regulatory bodies (such as VQF in Switzerland)
- Make sure regulators understand that your business is effectively monitoring and reviewing the entire flow of transactions
Our reporting system comprises data from:
- AML monitoring: detecting potential risks related to global sanctions, PEPs, and custom watch-lists, providing real-time alerts for changes in client status
- Blockchain transaction monitoring (KYT): producing a risk score based on factors such as daily/monthly limits, payment country risk, and suspicious patterns