Virtual Assets or Cryptocurrencies

Private Sector

FLE Compliance specializes in providing specialized compliance services to the private sector, specifically addressing the needs of virtual assets and cryptocurrency businesses. Their services include conducting assessments to identify risks and providing personalized advisory services and technological solutions to ensure compliance with financial crime regulations. FLE Compliance assists in developing separate compliance programs for virtual asserts, blockchain, and cryptocurrencies, including governance structures, metrics tracking, and reporting to establish reliable compliance. They also help businesses mitigate money laundering and terrorist financing risks associated with crypto platforms, ensuring adherence to regulatory expectations.

Furthermore, FLE Compliance offers compliance assessments to evaluate adherence to crypto Anti-Money Laundering (AML) policies and procedures, as well as conducting risk assessments for Money Service Businesses (MSBs) and providing scoring and ratings for each component. They conduct comprehensive assessments of Customer Information Programs (CIP) and Know Your Customer (KYC) procedures in the digital realm and assist in obtaining MSB licenses for virtual currency business activities. Additionally, FLE Compliance provides AML expertise and monitoring services, conducts annual AML audits, and offers training programs focusing on AML compliance in the virtual assets, blockchain and cryptocurrency industries. With their specialized expertise and tailored services, FLE Compliance assists private sector businesses in effectively navigating the unique compliance challenges associated with blockchain and cryptocurrencies, ensuring regulatory compliance along the way.

Our Partners 

FLE Compliance takes pride in serving a wide range of valued customers who trust our expertise in compliance services. Our customers come from diverse sectors, including:

1. Financial Institutions: We work closely with banks, credit unions, and other financial institutions to assist them in navigating the compliance requirements of virtual assets and cryptocurrencies. Our services help these institutions effectively mitigate financial crime risks and ensure adherence to regulatory frameworks.

2. Cryptocurrency Exchanges: We partner with cryptocurrency exchanges, providing them with comprehensive compliance solutions tailored to their unique needs. Our services enable exchanges to establish robust AML/CFT frameworks, implement effective transaction monitoring systems, and enhance their overall compliance posture.

3. Virtual Asset Service Providers (VASPs): VASPs, including cryptocurrency wallet providers, peer-to-peer platforms, and digital payment processors, benefit from our specialized compliance services. We help VASPs establish and maintain robust AML/CFT controls, conduct risk assessments, and develop tailored compliance programs to meet regulatory expectations.

4. FinTech Companies: We assist FinTech companies that operate in the virtual asset and cryptocurrency space. Our services help these innovative firms understand and comply with the evolving regulatory landscape, ensuring they can leverage technology while effectively managing financial crime risks.

5. Regulatory Agencies and Authorities: FLE Compliance also collaborates with regulatory agencies and authorities to provide advisory services and support in developing regulatory frameworks and guidelines related to virtual assets and cryptocurrencies. We assist in shaping effective policies and regulations that balance innovation with the need for financial integrity.

6. Professional Service Firms: Law firms, consulting firms, and accounting firms rely on our expertise to enhance their offerings in the area of virtual asset and cryptocurrency compliance. We provide advisory services, training programs, and support to augment their capabilities and deliver comprehensive compliance solutions to their clients.

By catering to the needs of these valued customers, FLE Compliance plays a crucial role in helping diverse stakeholders navigate the complex compliance landscape of virtual assets and cryptocurrencies while fostering financial integrity and mitigating risks.

Assessment 

We evaluate the risks to which your business is exposed and provide personalized advisory services and technological solutions specifically tailored to your operations. Our team of experts covers the entire spectrum of financial crime threats and compliance, guiding you through formulating a strategy that aligns with your platform. Together, we offer a range of solutions to address all the challenges you face in terms of financial crime.

Expert Advisory Engagements

Our expert advisory engagements involve experienced individuals who can set up and execute AML compliance programs, ensuring that your regulatory responsibilities are met. If your team's primary focus is on virtual assets and you require assistance with compliance, our advisory engagements can provide the support you need. As your company grows, we offer tools and services to facilitate the efficient and accurate implementation and upgrading of anti-money laundering compliance policies, procedures, and protocols.

Consultancy Solutions

In the private sector, we also offer temporary staffing solutions to address the following scenarios:

Expertise for Short-Term Projects: If you have specific short-term projects that require specialized expertise, we can provide temporary staffing solutions. Our team of experienced professionals can seamlessly integrate into your organization, offering their knowledge and skills to successfully complete the project within the designated timeframe.

Interim Assistance for Key Staff and Management: In situations where key staff or management members are temporarily unavailable or require support during their absence, we can provide interim assistance. Our skilled professionals can step in to ensure the smooth continuation of AML operations, mitigating any disruption and maintaining compliance standards.

Workload Management: During periods of increased workload or unexpected surges in AML-related tasks, your existing staff may face challenges in managing the additional responsibilities. In such cases, our temporary staffing services can help alleviate the workload burden by providing qualified professionals who can assist with the increased demands, ensuring timely and accurate completion of tasks.

We understand the importance of having qualified professionals support your AML functions, and our temporary staffing services offer flexibility and expertise to cater to your specific needs. Whether it's short-term projects, interim assistance, or workload management, we are committed to providing reliable and skilled staff to meet your temporary staffing requirements, allowing you to maintain operational efficiency and compliance even during challenging circumstances.

Public Sector 

FLE Compliance specializes in providing comprehensive compliance services to the public sector in the realm of digital financial technologies, virtual assets, and cryptocurrencies. Their services encompass various areas, such as identifying money laundering and terrorist financing risks associated with digital financial technologies, drafting and reviewing virtual asset laws and regulations, offering technical assistance to Virtual Asset Service Providers (VASPs), conducting ML/TF risk assessments for virtual assets, and developing strategies to manage financial crime risks. Additionally, FLE Compliance provides training programs for law enforcement agencies to enhance their capabilities in identifying money laundering risks in the virtual asset and cryptocurrency space. With their specialized expertise, FLE Compliance aims to assist the public sector in effectively addressing compliance challenges and ensuring the integrity of digital financial services.