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The European Union is drafting legislation to trace crypto-asset transfers to prevent money laundering and terrorist financing. The draft legislation includes traceability requirements for all transfers of crypto-assets and the creation of a public register of high-risk businesses.

Customer due diligence (CDD) is a process used by financial institutions to verify customer identities and account relationships to prevent money laundering and terrorist financing. Financial institutions use CDD to identify and mitigate risks.

The EU has implemented MiCA regulation to protect investors and provide legal clarity in the crypto industry. This post will discuss the impact of MiCA on crypto companies and other regulatory requirements like DORA.

When choosing an AML/KYC software provider, it is important for financial institutions to carefully assess the reliability and security of the vendor.

Compliance today is really all about data, and compliance management will inescapably require highly sophisticated software in future, says Nicolas Espinoza, CEO of Grand Compliance.