What is it?

​

Blockchain technology has the potential to revolutionize the way businesses operate being called the “next evolution” of computing by many experts, with new companies looking to the blockchain to solve problems across a wide spectrum of uses and industries.

 

Cryptocurrencies have emerged as a new and exciting asset class. At UGR, we are dedicated to helping our clients mitigate risks related the complex world of blockchain and cryptocurrencies. We understand the transformative power of blockchain and cryptocurrencies and offer a range of services to help businesses navigate this exciting and constantly evolving landscape. 

 

​

What are our Blockchain/Cryptocurrencies services?

 

The world of blockchain and cryptocurrencies presents unique security and compliance challenges. Our team of experts has extensive and deep experience in these areas and can help your business navigate the complex regulatory landscape and ensure that your operations are secure and compliant with a range of services and deliver top-notch strategies to ensure the right risk-based approach along crypto compliance solutions. We can help with:

​

• Crypto Compliance Programs for a well-defined, established and updated program separate from existing BSA/AML policy; governance and responsibilities appropriately delegated alongside a committee for program oversight; quantifiable metrics, monthly reporting, and tracking to be presented regularly to the committee and the Board. 

• Mitigate your platform’s money laundering and terrorist financing risks and increase your capacity to meet regulatory expectations for reliable compliance programs and controls. 

• Assessment of full compliance with Crypto AML policies and procedures, addressing applicable regulatory requirements for the blockchain & cryptocurrencies

• Money Service Business (MSB) Risk Assessments evaluating all risk factors involved with scoring/rating of each component

• Digital Due Diligence to ensure that the Customer Information Program (CIP)/Know your Customer (KYC) program in place is adequate

• MSB Licensing for virtual currency business activities 

• AML expertise for cases where internal resources will not suffice, such as advisory for high-risk lines of business, geographies, and situations

• Monitoring of suspicious activities and transactions

• Annual AML Audit

• Crypto AML Training

 

How does it work?

​

We will assess your risk exposure and offer customized advisory and next-generation technology to meet your needs.  We direct you toward technologies that are specifically designed for your operations. 

Our Subject Matter Expertise encompasses the entire spectrum of financial crime risks and compliance, and can help you lay out the strategy best suited for your platform. 

That way we can offer you a menu of solutions that together can meet all your financial crime challenges.

 

In order to navigate today’s regulatory expectations on the blockchain, you require skilled and seasoned AML professionals with knowledge and experience in the blockchain/cryptocurrency industry, who are capable of implementing and executing AML compliance programs. 

If your team functions as a lean startup focusing on developing your blockchain product, we are here to support you on the compliance side.  Our Subject Matter Expert advisory engagement contracts deliver you an executive and high-level professional with demonstrated leadership as Chief Compliance Officer, blockchain and technical expert to set up your compliance programs and ensure you fulfill all regulatory obligations. We offer a suite of products and services designed to make it easier for you to implement and update AML compliance policies, procedures, and protocols efficiently and accurately as they grow. We help crypto exchanges, bitcoin ATM operators, individual traders, trading platforms, hedge funds, crypto-cannabis, and more.

 

We can also provide temporary staffing in the following cases:

 

• Need for expertise in short term projects

• Need for interim assistance for key staff and management

• Workload increases that staff cannot manage

 

​

​