Building a compliance team for Travel Rule implementation is essential for Virtual Asset Service Providers (VASPs) to meet regulatory requirements. This article explores key roles, necessary skills, and how solutions like MarketGuard streamline compliance, ensuring secure and efficient crypto transactions.
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
