Regulatory Pressure Is Increasing
- Cryptocurrencies and digital assets have experienced exponential growth in terms of adoption over the last years.
- Regulation is slowly picking up as well to ensure that these new technologies are not abused and don’t turn out to be dangerous as more and more people get exposed to them.
- With that has come increasing scrutiny for VASPs and all of those companies who offer services in this growing industry.
Some of the challenges and opportunities specific to AML done by Virtual Asset Service Providers (VASPs):
- Lack of transparent counterparty information
- Customer activity spread on an ever-growing number of virtual assets (e.g. new cryptocurrencies)
- All historical transactions visible on the public ledgers
For monitoring suspicious behaviors of their customers, VASPs had to repurpose AML tools that were built for the fiat world.
Sensa fills the gaps of existing solutions by acting as a single centralized Transaction Monitoring system that tackles all of your regulatory risks.
- Behavioral monitoring across both fiat and crypto transactional activity
- Exposure monitoring delivered via partner ecosystem
