The Comprehensive Evaluation that Empowers Informed Decisions in the Crypto Landscape
Ciphertrace’s Virtual Entity Risk Assessment (VERA) offers financial institutions and Virtual Asset Service Providers (VASPs) an extensive, data-driven evaluation of financial crime, cybersecurity, regulatory, and reputational risks linked to specific VASPs. Issuers leverage VERAs to make informed decisions on permitting or restricting customer funds for crypto purchases via VASPs.
– Enhance due diligence: By utilizing VERAs before onboarding VASPs, facilitating ongoing client monitoring.
– Understand market risk: VASPs use VERAs to understand their market risk rating and identify control gaps, enabling necessary improvements.
– Assist financial institutions in determining governance risk appetite concerning their ties to VASPs.
– Aid VASPs in expediting enhanced due diligence for partnerships with financial institutions and other vendors.
Our team of experts will help you delve into your specific needs and aspirations, crafting a customized solution tailored to propel your compliance and credit solutions efforts to new heights.
