Compliance Monitor
A guide to anti-money laundering for crypto firms
While the regulatory landscape is far from settled, and each jurisdiction will vary in its arrangements, several trends have started to emerge that will inform a crypto firm's approach to financial crime and compliance. ComplyAdvantage provides a step-by-step guide to risk mitigation and regulatory compliance best practices.
With four global hubs located in New York, London, Singapore and Cluj-Napoca, ComplyAdvantage provides AI-driven financial crime risk data and detection technology to more than 800 enterprises in 69 countries. Through its global, real-time database of people and companies, it actively identifies tens of thousands of risk events from millions of structured and unstructured data points every single day. Learn more at: ComplyAdvantage.com. For a longer version of this report as well as other industry guides, please visit: https://complyadvantage.com/insights/.

The year 2021 was pivotal for cryptocurrencies, non-fungible tokens (NFTs) and other digital assets. Crypto's market cap hit
all-time highs in late 2021, and NFTs have attracted attention from retail investors and established investors alike. These
trends speak to a broader shift toward DeFi, or decentralised finance, which leverages blockchain technology to execute peer-to-peer
transactions. Such transactions bypass the payment and money transfer rails of traditional financial institutions. And this
has led to the introduction of a whole new set of financial services and products.