AML screening for cryptoasset businesses.
Customer screening, not wallet analytics. Cryptoasset exchange providers and custodian wallet providers must register with the FCA under the Money Laundering Regulations. FirmScreen screens the people and companies who are your customers. It doesn’t analyse wallets or blockchain activity.
Supervisor
The FCA.
Who you’ll screen
- Individual customers
- Corporate customers, and the people behind them
The risks
What supervisors look for in your sector.
Sanctions evasion
Cryptoassets have been used to move value around sanctions. Customer screening is the first control.
Remote onboarding
Customers you never meet bring higher risk, which counts in their rating.
Supervisory scrutiny
The FCA has refused many registrations over weak AML controls.
How FirmScreen fits
The screening part of your procedures, done and recorded.
Screening against the UK, UN, OFAC and EU sanctions lists, PEP data and HMRC’s deliberate tax defaulters, in one search. Everything FirmScreen does
- 01Screen customers from your onboarding flow with the REST API and signed webhooks.
- 02Every client re-screened daily by default, so a designation after onboarding opens a case the next morning.
- 03Add directors, shareholders and beneficial owners to a company client; each is screened and monitored, and counts in the risk rating.
- 04A fingerprinted evidence pack per client, ready for an inspection visit or file review.
No. It screens people and companies by name, date of birth, nationality and country. Wallet and transaction analytics need a specialist provider.
Yes. The REST API screens one customer or a batch, and signed webhooks report results and case changes back to your systems.