Get Free EDD
Book a Demo
Get Free EDD
Book a Demo

Enhanced Due Diligence for Cryptocurrency Businesses

Minimize Risk. Ensure Compliance. Safeguard Your Operations.
As the cryptocurrency industry grows, so does its vulnerability to financial crime, fraud, and other illicit activities. With increasingly stringent regulatory frameworks in place, it’s essential for cryptocurrency businesses to maintain rigorous compliance standards. Redstrings provides a powerful Enhanced Due Diligence (EDD) solution that helps you manage risk, stay compliant with AML and KYC regulations, and confidently onboard high-risk customers.

Our solution offers fast, actionable insights with no integration required, and it’s designed to scale with your business needs.
Get Started

Why Redstrings for EDD?

Streamlined Compliance with Regulatory Standards

Redstrings helps cryptocurrency businesses navigate the complexities of global AML and KYC regulations. Our service delivers the reports you need to assess the risk of high-risk clients and ensure regulatory compliance at every step.

Quick and Comprehensive Reports

Receive actionable reports that you can rely on to make informed decisions. Whether for internal risk management or regulatory audits, our detailed reports will give you the confidence you need to act swiftly.

Rigorous Quality Assurance

Redstrings combines the power of automation with a quality control process to ensure all findings are accurate and aligned with compliance needs. Our solution provides thorough analysis without compromising on speed or precision.

Global Coverage and Cryptocurrency-Specific Risk Factors

Access detailed risk assessments with a special focus on cryptocurrency-specific factors, such as transaction patterns, wallet behaviors, and sources of funds. Our checks include global sanctions lists, PEPs, adverse media, and more.

Seamless Setup and Onboarding

Start using Redstrings immediately without needing complex integrations. Our user-friendly portal allows you to begin assessing your clients in minutes. Integration options are available for businesses with higher volumes of transactions.

How It Works:

Submit Entity Details

Begin by submitting the necessary details about the entity you wish to assess.

Automated Processing & Advanced Analysis

We process each report using a combination of cutting-edge technology, automation, AI, and human expertise. Our system conducts thorough scans across global databases, financial records, and other risk indicators to identify potential threats and risks.

Comprehensive Report Delivery

We deliver a complete Enhanced Due Diligence report, which includes a detailed risk score, a summary of key findings, an identification of any red flags, and a clear decision. In addition, we provide a mitigation plan that offers actionable recommendations for managing and reducing identified risks, helping you stay compliant and secure.

The Importance of EDD for Cryptocurrency Businesses

The cryptocurrency space is notorious for its exposure to high-risk activities, from fraud to money laundering. Without a solid Enhanced Due Diligence process, businesses are vulnerable to fines, legal repercussions, and damage to reputation.
Redstrings’ EDD solution is designed to help cryptocurrency businesses:

Identify potential threats

early by flagging suspicious transactions, wallet behaviors, and fund sources that may suggest illicit activity.

Confidently manage high-risk customers

by ensuring full compliance with regulatory requirements and reducing exposure to financial crime.

Prepare for audits and regulatory reviews

by providing clear, ready-to-present reports that show how you’re addressing risk and adhering to compliance standards.

Get Started with Redstrings EDD

Ready to take control of your due diligence process? Start using Redstrings today with no integration required, and get up and running immediately.

Request a Demo

Contact us today to learn how Redstrings can help you streamline compliance and protect your cryptocurrency business.

Stay Informed

Subscribe to our newsletter to receive updates on industry trends, regulatory changes, and best practices for MSBs. Stay ahead of compliance challenges with expert insights and valuable resources.

Sign up for our newsletter

Israel:
Haherut 2 Nordiya
Telephone: +972 52 863 1639
Office hours: Sunday-Thursday 09:00-18:00
France:
1685 Chemin De Vallauris, Antibes
Telephone: +336 1847 4001
Office hours: Monday-Friday 09:00-18:00
United States:
15708 E Princeton Ave Aurora Colorado 80013 USA
Telephone: +1 720 251 5207
Office hours: Monday-Friday 10:00-19:00

Copyright © 2024 Redstrings. All rights reserved. | Privacy policy

Wait!
Get Your Free EDD Report Before You Go!

Unlock valuable insights with a free Enhanced Due Diligence report. Discover potential risks and make informed decisions with advanced AI-powered analysis!

Close