How does Cense AG enhance due diligence for onboarding new clients with cryptocurrency holdings?

Onboarding clients with cryptocurrency holdings requires banks to have a clear understanding of the source of funds and the legitimacy of the client’s blockchain activities. Without specialized tools, it can be difficult to verify whether a client’s crypto assets have been acquired through legitimate means or are linked to illicit activities like money laundering or fraud.

Cense AG enhances the due diligence process by offering detailed insights into the history and behavior of a client’s cryptocurrency wallets. Our platform tracks the flow of funds across both centralized exchanges and decentralized finance (DeFi) protocols, allowing banks to verify the source of a client’s crypto assets and assess the risk of onboarding that client. By generating a complete, transparent risk profile, Cense AG enables banks to make informed decisions about which clients to onboard, ensuring compliance with AML regulations while minimizing risk exposure.