How does Cense AG help banks comply with regulatory requirements for cryptocurrency transactions?

Cense AG’s platform is specifically designed to align with the strict regulatory frameworks that banks must follow, including AML (Anti-Money Laundering) regulations set by bodies like the FATF (Financial Action Task Force) and regional directives such as the EU’s 5th and 6th Anti-Money Laundering Directives. Compliance is crucial for banks that wish to engage with cryptocurrency, as they need to be able to demonstrate they are not facilitating illicit activities.

Our platform uses deterministic heuristics to analyze blockchain transactions and create risk profiles based on transparent, rule-based assessments. This ensures that risk scoring is consistent, explainable, and easily auditable, which is critical when presenting compliance reports to regulators. Cense AG also provides detailed reports on the source of funds, wallet interactions, and any suspicious activities detected, allowing banks to meet their due diligence and reporting obligations under AML regulations.