Fighting Crypto Crime With Regulatory Technology: What You Need To Know To Stay Compliant And Secure

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Dustin Plantholt   Brand Contributor

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Fighting Crypto Crime With Regulatory Technology: What You Need To Know To Stay Compliant And Secure

New cryptocurrencies and trading platforms seem to be popping up every day as mainstream acceptance of these digital asset classes is moving faster than anyone could have predicted. With so many new tokens coming to market the blockchains that secure them are increasing in both size, length and number. Additionally, this ever-expanding ecosystem now includes the buying and selling of non-fungible tokens (NFTs) which are digital assets, encompassing everything from sports team branding to Tweets, now sold at auction houses as prestigious as Sotheby’s.

All of this growth has given rise to crypto crime. Managing this threat is vital to ensure safe and legal trading, whether analyzing blockchains for criminal activity or ensuring that funds move securely across multiple networks with ease. Whether your business is offering financial services operating from a central source or a decentralized alternative that gives your clients complete control over their digital assets, ensuring you follow sound regulatory compliance standards is key to growth and success.

So how can you protect yourself and your clients?

First, it’s important to understand RegTech. Information technology designed to help businesses mitigate risk, manage regulatory compliance, and increase efficiency is known as Regulatory Technology—RegTech for short.

Although RegTech is most closely associated with the Financial Technology (FinTech) industry, today, RegTech solutions are being employed in a variety of sectors that face compliance and regulatory requirements, including healthcare, government, and cybersecurity. Always a key consideration for many businesses, the best way to stay on top of regulatory compliance is to invest in RegTech.

Enter Sekuritance, the only company offering anti-fraud and RegTech solutions to governments, banks and businesses around the world as a one-stop-shop solution.  Sekuritance is dedicated to delivering top compliance, regulatory, transaction monitoring and identity management under one roof. Sekuritance not only works in the blockchain and crypto sphere, but also with any organization that needs swiftly integrated compliance tools.

Sekuritrance offers several key services. Its Verification and Fraud Monitoring tools are used to verify individuals and businesses, while also detecting illegitimate and high-risk transactions made online by continuously monitoring user behavior. Their Data Vault (Payment Card Industry) can be used to store any information too sensitive to be exposed such as credit card details and trade secrets. This information drives powerful anti-money laundering, fraud detection, and blockchain investigations tools. Another key service is their on-chain analysis tool that aids in tracking crypto payments from people and their wallets, letting individuals and companies know whether a wallet or user has been involved in scam, ransomware attacks, money laundering events or darknet activities.

Sekuritance’s portal gives users the ability to verify their own customer’s identity before or while doing business, commonly known as KYC (Know Your Customer) on a pay-as-you-go basis with no monthly minimums, making it especially easy for smaller enterprises that have traditionally found it difficult to provide proper compliance because of monthly fees. Compliance with KYC regulations can help keep money laundering, terrorism financing, and more run-of-the-mill fraud schemes at bay.

Based in the EU, Sekuritance is actively building an investor community for the IDOs it partners with to coordinate verified projects. 

To take part or to learn more about their services and product mix visit their website or contact info@sekuritance.com

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Dustin Plantholt   Editor