Cense for
VASPs.

Plug & Play integration with leading labelling providers

The Cense risk profiling solution integrates seamlessly with the existing systems used by many VASPs including industry-leading labelling providers such as Chainalysis, TRM Labs and Elliptic. Just enter an API key, and you can run comprehensive risk assessments instantly – saving time and ensuring that your compliance operations stay uninterrupted and efficient.

Enhanced risk profiling for VASPs with on-chain and exchange data

Our reporting goes far beyond traditional EDD by incorporating on-chain data and cryptocurrency exchange information, providing a full picture of a client’s financial activity. We delve deeper, offering insights that include blockchain activities such as staking, trading and more – without which an EDD report is incomplete. By leveraging our on-chain and exchange data integration, VASPs can achieve a level of compliance that is both thorough and future-proof.

Revolutionising VASP operations with automation

VASPs are exposed to the huge volume of manual labour involved in compliance – particularly on platforms like Chainalysis. Compliance Officers spend countless hours sifting through data, labelling transactions, and compiling reports to meet regulatory requirements: a time-consuming and error-prone process that can led to compliance gaps.

Streamlined on-chain compliance in minutes

At Cense, we transform this labour-intensive process by automating critical tasks. By integrating directly with Chainalysis and other leading providers, we can automate the entire workflow: from data collection and transaction monitoring to risk scoring and report generation – slashing the time taken for compliance tasks, increasing efficiency and reducing the burden of admin.

Consistency and accuracy at scale

Our automation tech doesn’t just save time; it also enhances the consistency and accuracy of your compliance efforts. Our system ensures that every transaction is analysed according to your risk parameters, with findings documented in a standardised format – accelerating the compliance process and ensuring that every report meets stringent regulatory requirements.

Immediate impact on operations

The shift from manual to automated processes enabled by Cense means faster client onboarding, more efficient transaction monitoring, and the ability to manage larger volumes of transactions without additional resources. By turning hours of work into minutes, we enable VASPs to focus on what really matters – serving their clients and growing their business, while complying with evolving regulations.

Addressing the Travel Rule with proof of wallet

As regulations like the Travel Rule (TFR) become more stringent, VASPs are increasingly required to verify the ownership of digital wallets to ensure that transactions are legitimate and compliant. This requirement poses significant challenges in decentralised world of cryptocurrency, where traditional identity verification methods fall short.

Cryptographic proof of ownership

At Cense, we address these challenges with our Proof of Wallet feature, enabling VASPs to verify wallet ownership through cryptographic signatures, aligning with European Banking Authority (EBA) guidelines and complying with TFR regulations. By enabling users to sign-off on their wallets cryptographically, we provide indisputable proof of ownership across multiple blockchains, including Bitcoin, Ethereum, Avalanche and more.

Cost-effective compliance management

We reduce the cost and time associated with compliance by automating manual processes, helping VASPs avoid expensive fines while efficiently onboarding new clients. This can help VASPs expand their customer base while maintaining regulatory compliance.

Increased confidence in serving crypto clients

With the growing crypto client base and MICA’s regulatory clarity, we empower VASPs to confidently accept crypto clients, unlocking new business opportunities that were previously hampered by compliance bottlenecks​.