Shaping the Future of Compliance in Digital Assets

PRNewswireDecember 15, 20234 min

In the ever-evolving world of cryptocurrencies, regulatory and AML compliance pose unique challenges. MarketGuard, in its forward-thinking collaboration with JayBee AG, is redefining AML, KYC, and KYT compliance for blockchain businesses.

MarketGuard, offering innovative¬†crypto¬†compliance solutions, aimed to upgrade its SaaS platform to address the rapidly changing digital currency landscape. JayBee, a Swiss company specialised in compliance, regulation, and risk management with a strong focus on DLT & FinTech, emerged as the perfect strategic partner. Together, an all-encompassing compliance officer’s workspace has been created streamlining all tasks from client onboarding and risk assessment to transaction monitoring and regulatory reporting.

  • Innovations in Risk Assessment: The partnership has yielded a bespoke client risk assessment system, enabling comprehensive, tailored risk analyses in line with various regulatory frameworks.
  • Streamlining Client Data & Activity: MarketGuard’s automated AML monitoring leverages collected data and assessed client risk levels to detect, document, and report suspicious activities.
  • Enhancing Transparency with Action Logging: MarketGuard’s action logging system ensures unmatched transparency and a detailed audit trail for scrutinized¬†crypto¬†transactions.
  • Streamlining Documentation Management: The partnership has revolutionized how MarketGuard handles documentation, organizing critical documents efficiently and keeping them current and verified.

Yury Berg, Board Member, MarketGuard: “Our partnership with JayBee marks a significant advancement in¬†crypto¬†compliance. We’re not just adapting to the digital currency landscape; we’re leading the way towards a safer, more compliant financial future.

J√ľrg Baltensperger, Founder & Managing Director, JayBee: “Our collaboration with MarketGuard merges our regulatory know-how with their cutting-edge¬†crypto¬†compliance technology. This sets new industry standards, transforming challenges into opportunities for secure, compliant growth in digital assets.

This partnership is more than a collaboration; it’s a trailblazing force in¬†crypto¬†FinTech. MarketGuard and JayBee are actively shaping the future of compliance in digital currencies, promising ongoing innovation and setting new benchmarks in¬†crypto¬†compliance.

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